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.

PG&E urges judge to approve key settlement, faces resistance

The nation's largest utility faced fierce resistance at the court hearing from attorneys representing thousands of wildfire victims, PG&E bondholders who have proposed an alternative plan for salvaging the hobbled company and California Gov. Gavin Newsom.

Lawmakers explore options for restructuring PG&E

The popular idea would take some serious work. In addition to the billions of dollars it would take to shore up infrastructure, the plan would require approval from state regulators and getting the utility to buy into the plan.