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Investors Fight Over Plan to Get PG&E Out of Bankruptcy

04:15
Saul Gonzalez
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Even before PG&E filed for bankruptcy, it was clear the company’s wildfire damages would hit customers’ wallets. (Justin Sullivan/Getty Images)

Investigators say Pacific Gas and Electric, California’s biggest utility, has caused some of the state’s most destructive wildfires, like 2018’s Camp Fire that killed 86 people.

PG&E filed for bankruptcy in January after it said it couldn’t afford to pay $30 billion in wildfire-related liabilities. So how will the utility meet its obligations to to fire victims without socking it to ratepayers?

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