1. PG&E, the Nation’s Biggest Utility Company, Files for Bankruptcy After California Wildfires

    PG&E, the Nation’s Biggest Utility Company, Files for Bankruptcy After California Wildfires

    The company is under scrutiny for its role in the Camp Fire, which razed the small town of Paradise in November and killed 86 people...

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    1. Throughout this process, we are fully committed to enhancing our wildfire safety efforts, as well as helping restoration and rebuilding efforts across the communities impacted by the devastating Northern California wildfires.
    2. The PG&E bankruptcy, while expected, has far-ranging implications beyond just California ratepayers.
    3. California needs radical changes from its largest utility. Frequent disasters (including wildfires and the deadly San Bruno pipeline explosion in 2010) continue to plague PG&E, and leadership changes have been slow to overhaul the company's culture of safety.
    4. Today's filing is the latest example of how the Board continues to fail the Company, wildfire victims, customers, employees, creditors, shareholders and the people of California.
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