PCG

PG&E Settlement

A court has approved the $13.5 billion settlement between the bankrupt Californian utility PG&E and the victims of fires linked to its equipment. California Gov. Gavin Newsom still doesn't like PG&E's bankruptcy exit plan, but won't move against the settlement. PG&E's $11 billion settlement with insurance creditors also won court approval yesterday. Wall Street Journal
 
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