PG&E Offers $13.5B To Wildfire Victims As Part Of Restructuring Plan

PG&E is offering $13.5 billion to wildfire victims as part of a restructuring plan to exit bankruptcy. This offer matches a proposal by the company's creditors, but disagreements exist over payout details. PG&E filed for Chapter 11 bankruptcy after its equipment was linked to wildfires in 2017 and 2018. The company aims to finalize its plan by June 2020 to join a state wildfire fund, aiding utilities in covering future wildfire liabilities.

What is the total amount PG&E is offering to wildfire victims as part of its restructuring plan?

• $10 billion

• $20 billion

• $15 billion

• $13.5 billion

What is the main issue causing disagreement between PG&E and its creditors?

• The timeline for payments

• The payout structure and form of payment

• The number of victims to be compensated

• The total amount of compensation

Why did PG&E file for Chapter 11 bankruptcy?

• To avoid paying taxes

• To merge with another company

• Because of equipment linked to wildfires

• Due to a decline in stock prices

What is the deadline for PG&E to emerge from bankruptcy to join the state wildfire fund?

• September 2020

• December 2019

• March 2020

• June 2020

What is the purpose of the new state wildfire fund PG&E aims to join?

• To cover liabilities related to future wildfires

• To invest in renewable energy

• To support local fire departments

• To provide insurance for homeowners