Newsom Slams PG&E Insurance Deal as Wildfire Settlement Takes Shape

The Wall Street Journal 1 week ago

PG&E Corp. is nearing a settlement with victims of the wildfires that pushed the utility into bankruptcy, while clashing with California Gov. Gavin Newsom about the best path out of chapter 11.

Nancy Mitchell, the lawyer representing the governor, said Gov. Newsom wants assurances that PG&E will come out of bankruptcy financially stable, with cash to invest in new technology and improved safety practices.


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