PG&E, California wildfire victims rework $13.5B settlement

Pacific Gas and Electric has reworked a $13.5 billion settlement with victims of deadly wildfires blamed on the utility to try to prevent it from unraveling after California Gov. Gavin Newsom rejected the company’s financial rehabilitation plan.

California Gov. Newsom rejects PG&E's bankruptcy plan

California Gov. Gavin Newsom has rejected a bankruptcy reorganization plan that Pacific Gas and Electric reached just last week with thousands of wildfire victims, including a $13.5 billion settlement.