https://finance.yahoo.com/news/exclusive-california-utility-pg-e-231131727.html
PG&E's board and management are working diligently to assess the company's potential liabilities as a result of the wildfires and the options for addressing those liabilities. We recognise the need to balance the interests of many stakeholders while maintaining safe, reliable and affordable services for our customers, which is always our top priority," the company said in a statement.
PG&E is also exploring selling its gas unit, potentially through a court-supervised auction during bankruptcy proceedings, one of the sources said. The sale could also take place outside a bankruptcy process, the same source said. The company is weighing using proceeds from the unit's sale to address death and injury claims arising from the recent wildfires, this source said.
Submitted January 04, 2019 at 06:40PM by swollencornholio http://bit.ly/2CPsHdw
