PG&E Exits Bankruptcy After Wildfires Pushed It to Brink of Ruin
- Utility must fend for itself as a new fire season is underway
- Critics say the company hasn’t fully addressed its challenges
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Nearly a year and a half after collapsing under $30 billion in liabilities from wildfires sparked by its equipment, PG&E Corp. has emerged from the biggest utility bankruptcy in U.S. history.
The California power giant said in a statement Wednesday that it had successfully completed its restructuring and exited Chapter 11.