February 28, 2019
(Reuters) – California power company PG&E Corp, which filed for bankruptcy last month because of potential liabilities from wildfires in the state, recorded a $10.5 billion charge related to 2018 Camp Fire, the company said in a filing on Thursday.
PG&E also said it would take an additional $1 billion charge related to 2017 Northern California wildfires
Federal filings showed on Wednesday the power utility had delayed a safety overhaul of a high-voltage transmission line, a prime suspect behind the deadliest wildfire in California’s history.
(Reporting by John Benny in Bengaluru; Editing by Anil D’Silva)