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PG&E Plans To File For Bankruptcy Over Possible Liability In California Wildfires

California utility PG&E Corp. said Monday that it plans to file for bankruptcy over what it estimates could be $30 billion in potential liability costs from recent wildfires. Here, transmission towers in a valley near Paradise, Calif., as the Camp Fire burns in November 2018. (Bloomberg via Getty Images)
California utility PG&E Corp. said Monday that it plans to file for bankruptcy over what it estimates could be $30 billion in potential liability costs from recent wildfires. Here, transmission towers in a valley near Paradise, Calif., as the Camp Fire burns in November 2018. (Bloomberg via Getty Images)

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