PG&E files for bankruptcy after California wildfires

The company, the largest utility in America’s most populous state, has been under intensifying scrutiny in the wake of the so-called 2018 Camp Fire in Northern California that left 86 people dead, destroyed some 18,000 buildings and came on the heels of deadly wildfires in the state in 2017. PG&E, whose shares have fallen 72 percent over the last year, could face huge liabilities if investigations reveal its equipment was directly responsible for the fire.


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