Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.
California utility is reportedly considering bankruptcy after wildfires
Share Now on:
California lawmakers are back in session after a holiday break, and a new governor is in place. One of the sticky issues all those folks might have to confront is what to do about the troubled utility Pacific Gas and Electric. The investor-owned utility provides gas and electricity to more than 5 million Californians. And media reports indicate PG&E is considering bankruptcy as a way to manage potentially tens of billions of dollars in liability related to recent wildfires. A taxpayer bailout is another possibility.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.