California Power Provider PG&E Files For Bankruptcy In Wake Of Fire Lawsuits
NPRCalifornia Power Provider PG&E Files For Bankruptcy In Wake Of Fire Lawsuits Enlarge this image toggle caption Josh Edelson/AFP/Getty Images Josh Edelson/AFP/Getty Images Updated at 1:03 p.m. Chapter 11 "is really the best way to deal comprehensively with all the liabilities they have," says University of California, Berkeley, law professor Ken Ayotte, an expert on corporate bankruptcy. Enlarge this image toggle caption Alisa Barba/NPR Alisa Barba/NPR PG&E got a rare bit of good news last week when the state's fire agency said in a report that it does not think the company's equipment started a massive 2017 fire in wine country, which killed 22 people and did an estimated $10 billion in damage. California Attorney General Xavier Becerra called the filing "a significant and unwelcome development" and said the state's Department of Justice is "prepared to protect the interests of the people of this great State."