California Rejects State's Largest Utility's Bankruptcy Plan
Gov. Gavin Newsom wants to expedite the beleaguered PG&E bankruptcy case in time for next year's wildfire season. But Newsom said the utility's plan "falls woefully short" of what is needed.
California Gov. Gavin Newsom rejected a bankruptcy restructuring plan by the state's largest utility, saying it "falls woefully short" of safety standards mandated under state law.
The governor's criticisms come a week after Pacific Gas and Electric announced a multibillion-dollar settlement proposal to
