PG&E, owner of biggest US power utility, files for bankruptcy

Los Angeles: Power provider PG&E Corp filed for voluntary Chapter 11 bankruptcy protection on Tuesday, succumbing to liabilities stemming from wildfires in northern California in 2017 and 2018. The owner of the biggest US power utility has filed a motion seeking court approval for a $5.5 billion (Dh20.2 billion) debtor-in-possession financing, it said in a […]