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.

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