California's Biggest Utility Is Seeking Bankruptcy As It Faces Consequences Of Devastating Wildfires
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California utility PG&E's stock falls over 20 percent Monday as company faces wildfire claimsThe utility is facing lawsuits connected to California's deadliest-ever wildfire, the Camp Fire, which killed 86 people in November.
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CEO of California utility PG&E steps down as company faces potential wildfire liabilitiesCalifornia power company PG&E CEO Geisha Williams has stepped down, the company said on Sunday, as it faces billions of dollars in potential liabilities related to deadly wildfires.
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CEO of California utility PG&E resigns as firm faces liability over wildfiresCalifornia's largest utility company said on Sunday its chief executive had resigned as the firm faces billions of dollars in potential liabilities tied to the state's deadly and destructive wildfires last year. Geisha Williams announced her resignation from PG&E amid growing concerns over the
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California utility PG&E's credit rating lowered to junk as it faces billions in wildfire claimsA Moody's downgrade cited challenges for the power company as it faces potentially big liabilities related to wildfires.
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