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0.00654664484451719 0.00654664484451719 0.00654664484451719 0.00818330605564645 0 0.00490998363338793 0.00654664484451719 0.00654664484451719
Stock impact report

PG&E to offer $13.5 bln in compensation to wildfire victims - Bloomberg [Reuters]

Pacific Gas & Electric Co. (PCG) 
Last pacific gas & electric co. earnings: 5/1 08:21 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/pg
Company Research Source: Reuters
PG&E to offer $13.5 billion in compensation to wildfire victims: Bloomberg - Reuters 2 Min Read (Reuters) - Bankrupt California power producer PG&E Corp is offering $13.5 billion in compensation to wildfire victims as part of a restructuring plan, Bloomberg reported on Monday, citing people with knowledge of the situation. The same amount has been offered to the victims by a rival group of noteholders led by Pacific Investment Management Co and Elliott Management Corp, according to the report here PG&E sought Chapter 11 bankruptcy protection in January after massive wildfires struck Northern California in 2017 and 2018, which were blamed on its equipment. A lawyer for the committee of wildfire victims said last month their claims may be worth $13.5 billion, Reuters reported. PG&E had previously proposed to provide $8.4 billion in compensation, but the victims sided with the noteholders in the hopes of getting more money. PG&E and the victims were in talks on Monday, Bloomberg reporte Show less Read more
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