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

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.

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

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

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

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

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