CNBCのインスタグラム(cnbc) - 1月30日 02時41分

Power provider PG&E filed for voluntary Chapter 11 bankruptcy protection on Tuesday, succumbing to liabilities stemming from wildfires in Northern California in 2017 and 2018.⠀
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PG&E, which had a debt burden of more than $18 billion, said earlier this month it would need to pursue a court-supervised reorganization in the aftermath of California wildfires, including November's "Camp Fire."⠀
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The Camp Fire broke out on the morning of Nov. 8 near the mountain community of Paradise, sweeping through the town and killing at least 86 people, in the deadliest and most destructive wildfire in California's history.⠀
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“Throughout this process, we are fully committed to enhancing our wildfire safety efforts, as well as helping restoration and rebuilding efforts across the communities impacted by the devastating Northern California wildfires,” PG&E's interim CEO said.⠀
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Some shareholders aren't happy about PG&E's bankruptcy filing. BlueMountain Capital Management said it was “deeply disappointed” that the company’s board ignored calls from multiple parties to abandon its “reckless and irresponsible plan to file for bankruptcy.”⠀
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You can read more on PG&E, at the link in bio.⠀
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#PGE #bankruptcy #business #bankrupt #shareholder #power #utility #utilitycompany #debt #finance #refinance #fire #wildfire #protect #disaster #prep #stocks #stockmarket #trade #trading #market #california #paradisefires #CA #northerncalifornia #nocal #cnbc #cnbcbusiness #businessnews ⠀
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