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

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

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What years were the destructive wildfires linked to PG&E's equipment?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the purpose of the new state wildfire fund mentioned in the text?

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