SAN FRANCISCO | California utility assessing finances amid wildfire links

4Jan - by Editor - 0 - In STL.News

SAN FRANCISCO —Jan 04, 2019—The parent company of California‘s largest utility said Friday it is assessing its finances and structure in its effort to confront a growing liability threat from wildfires blamed on the company.

Pacific Gas & Electric Corp. could face billions of dollars in potential liability involving massive wildfires in California — some of which have already been linked to equipment operated by the company.

PG&E announced the assessment in a news release that did not elaborate on any potential plans.

Continue reading SAN FRANCISCO | California utility assessing finances amid wildfire links at STL.News.

Source link