Ratepayers to Shoulder PG&E's Bankruptcy Burden While Lawyers, Wall Street Benefit

at 9:00 AM
Save ArticleSave Article

Failed to save article

Please try again

This article is more than 3 years old.
Pacific Gas and Electric (PG&E) trucks sit parked on a street on June 18, 2018 in San Francisco, California. (Justin Sullivan)

PG&E's bankruptcy case is likely to become one of the most expensive Chapter 11 cases ever filed, with bills to lawyers, accountants, bankers and other consultants so far exceeding $217 million. Given that California ratepayers are PG&E's only source of revenue, customers will likely foot most of the bill. That's according to reporting by KQED politics correspondent Marisa Lagos, who joins Forum to discuss the business of PG&E's bankruptcy and take your questions.


Marisa Lagos, politics correspondent, KQED; co-host, KQED's "Political Breakdown" podcast