PG&E announces they plan to file bankruptcy


NEAR ELIZABETH… THIS WHOLE BLOCK WAS SHUT DOWN FOR A WHILE. EVERYTHING IS BACK TO NORMAL HERE. FRESNO POLICE WILL TRY TO FIND THE SOURCE OF THE DRUGS… AND OFFICIALS SAY THE OTHER TWO MEN FOUND UNCONSCIOUS ON THE 7TH COULD HAVE EASILY ENDED UP LIKE THE MAN WHO DIED…. IF YOU HAVE ANY INFORMATION PLEASE CALL FRESNO POLICE. LIVE IN THE TOWER DISTRICT JL KSEE. EVAN: IN CONTINUING COVERAGE… P-G-AND-E HAS REVEALED IT PLANS TO FILE FOR BANKRUPTCY… REPORTEDLY AS PROTECTION FROM LAWSUITS IT EXPECTS FROM RECENT WILDFIRES. STEF: THE ANNOUNCEMENT COMES JUST ONE DAY AFTER THE COMPANY’S C-E-O ANNOUNCED SHE WAS STEPPING DOWN. KSEE24’S ANGELICA LEI LANI HEARD FROM LOCAL P-G-AND-E OFFICIALS. LOCAL SPOKESPEOPLE SAY THEY ARE NOT ALLOWED TO TALK ABOUT THIS. THEY REFERRED ME TO THE P-G-&-E CORPORATE HEADQUARTERS IN SAN FRANCISCO… WHICH SO FAR HAVE NOT RESPONDED TO MY MESSAGES. PG&E… IT’S THE LARGEST-INVESTOR-OWNED UTILITY COMPANY THAT PROVIDES GAS AND ELECTRIC SERVICES TO ROUGHLY 16 MILLION PEOPLE HERE IN CALIFORNIA. BUT NOW IT’S FACING CHAPTER 11 BANKRUPTCY. SOT/ TIMOTHY SPRINGER – BANKRUPTCY ATTORNEY “for the purposes what they’re looking ANNOUNCEMENT MONDAY, ON THE HEELS OF THEIR CHIEF EXCUTIVE STEPPING DOWN. ACCORDING TO REPORTS THEY’RE LOOKING AT A 30 BILLION DOLLAR HIT FROM WILDFIRE LAWSUITS – WHICH COULD PUT THEM OUT OF BUSINESS… BUT THIS ISN’T THE FIRST TIME THEY’VE GONE THROUGH THIS. SOT/ SPRINGER “the state may, they helped them in the 2017 fires so the question is

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