California utility company PG&E is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said.
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PG&E's Bankruptcy Was Predictable And Could Have Been Prevented With Distributed AssetsWildfires may be the immediate cause of PG&E’s bankruptcy but an outdated regulatory system is also a factor. As such, PG&E’s financial and legal woes could have been mitigated not just by having better oversight but also by making more investments in distributed generation and delivery.
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California Power Provider PG&E Files For Bankruptcy In Wake Of Fire LawsuitsThe utility is facing billions of dollars in legal liability for fires caused by its equipment. PG&E filed for Chapter 11 bankruptcy, which would let it restructure its debts.
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PG&E Is Just The First Of Many Climate Change BankruptciesPG&E was the victim of multiple random acts of climate violence. It could have been better prepared but could not have, alone, saved its customers, investors, creditors, etc., from these consequences of climate change. If we hold companies liable, expect many more climate change bankruptcies.
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PG&E Is Just The First Of Many Climate Change BankruptciesPG&E was the victim of multiple random acts of climate violence. It could have been better prepared but could not have, alone, saved its customers, investors, creditors, etc., from these consequences of climate change. If we hold companies liable, expect many more climate change bankruptcies.
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