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PG&E prepares bankruptcy filing after California wildfires

Posted On: Jan 14, 2019   |   Posted By: Reuters

PG&E Corp , owner of the biggest U.S. power utility by number of customers, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 2018.

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