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    PG&E files for bankruptcy, battered by wildfires and scandals

    by Sammy Roth, Los Angeles Times Jan 29, 2019 5 minutes

    California's largest power company filed for bankruptcy protection for the second time in two decades on Tuesday, starting an unpredictable process that could take years to resolve and is likely to result in higher rates for the millions of Californians who buy electricity from Pacific Gas & Electric.

    PG&E listed about $71.4 billion in assets and nearly $51.7 billion in total debts. The company said it filed requests for authorization to continue paying employee wages and to continue existing customer programs. It also said it intends to pay its suppliers under normal terms for goods and services provided on or after the date of the bankruptcy filing.

    "Through this process, we will prioritize what matters most to our customers and the communities we serve - safety and reliability," interim CEO

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