NPR

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

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