) $13.5 billion settlement with victims of Californian wildfires, and the company’s stock rallied as the utility gained momentum to emerge from bankruptcy in June as planned.
Montali also approved an $11 billion agreement with insurance companies, locking up the last and two most significant creditor groups. Mitchell said the necessary changes to the plan could be negotiated, although she called the governor’s demands a “high bar.” Bondholders want wildfire victims to have the option to support their competing bankruptcy exit plan, which they argued could be a fallback if PG&E failed to satisfy the governor.
Called WC, Poland Go Germany and End
All these huge companies do minimum in safety measures to prevent things like this or oil leaks, pollution etc. they just take the money and screw the rest of us
Wait, power lines ignited the fires? I was told it was global warming to blame. I want my money back!
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