California Regulators Said to Signal No Bankruptcy Interest in PG&E

California Regulators Said to Signal No Bankruptcy Interest in PG&E

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Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the financial challenges faced by PG&E, California's largest electricity provider, due to liabilities from wildfires. The California Public Utilities Commission believes bankruptcy is not in the public interest, prompting discussions on legislative measures to aid PG&E. The company faces over $30 billion in liabilities, with a market cap of around $12 billion, creating a significant financial burden. State-backed bonds were issued for 2017 wildfire costs, but 2018 liabilities remain unaddressed, necessitating further legislative action. Investor confidence hinges on the nature and timing of these legislative solutions.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What did the President of the California Public Utilities Commission say about PG and E going bankrupt?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential liabilities PG and E is facing from the wildfires?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How much is PG and E's current market cap compared to its potential liabilities?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What legislation was passed in California regarding PG and E's liabilities?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges does PG and E face regarding liabilities from the 2018 wildfires?

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