Judge Approves PG&E $24.5 Billion Plan For Wildfire Victims And Insurance Companies
The beleaguered utility faces others obstacles such as winning California Gov. Gavin Newsom's approval for its restructuring plan and a bid by hedge funds to gain control of the company.
A federal bankruptcy judge in San Francisco on Tuesday approved two settlements totaling $24.5 billion offered by Pacific Gas and Electric Corp. for victims of Northern California wildfires and insurance companies that have paid out damage claims. The utility has acknowledged that
