PG&E, California's largest gas and power company, dropped more than 50% in premarket trading Monday. The utility is facing billions of dollars in potential liabilities after it was accused of negligence in one of the state's most destructive wildfires last ye…

U.S. utility Pacific Gas and Electric Company (PG&E) disclosed on Monday that it will file for bankruptcy. US' largest energy utility firm with a market cap of $13+ billion said that the decision was forced by the wildfires which destroyed lives and property …

PG&E plans to file for bankruptcy protection by the end of the month as the utility faces more than $30 billion in potential liability costs related to its role in sparking deadly California wildfires.

PG&E said it would seek Chapter 11 bankruptcy protection, a day after the company’s CEO stepped down over the financial fallout spurred by the utility’s role in helping spark the California wildfires.

The utility could declare insolvency while facing billions of dollars in liability over its role in recent California wildfires

California’s largest utility said Sunday that Chief Executive Geisha Williams was stepping down as it grapples with the growing political and financial fallout of its role in helping spark California wildfires.

The CEO of Pacific Gas and Electric resigned Sunday and employees could learn this week if the utility will declare insolvency while facing billions of dollars in liability over its role in recent California wildfires.

Embattled utility PG&E, facing potentially billions of dollars in liability over California's deadly wildfires last year, has replaced its CEO.

California power company PG&E Corp said on Sunday that Chief Executive Geisha Williams had stepped down and that John Simon had been named interim CEO.

Geisha Williams announced her resignation on Sunday.

PG&E's CEO resigned Sunday and the company on Monday confirmed its plans to file for chapter 11 bankruptcy.

PG&E's CEO resigned Sunday and the company on Monday confirmed its plans to file for chapter 11 bankruptcy.

PG&E's CEO resigned Sunday, and the company on Monday confirmed its plans to file for chapter 11 bankruptcy.

PG&E's CEO resigned Sunday, and the company on Monday confirmed its plans to file for chapter 11 bankruptcy.

PG&E Corp. equipment started more than one fire a day in California on average in recent years as a historic drought turned the region into a tinderbox. The utility’s unsuccessful efforts to prevent such blazes have put it in a state of crisis.

The largest utility in drought-plagued California has struggled to reduce fire risks. Its equipment keeps igniting blazes, threatening the company’s future.

The state’s deadliest fire ever was also the world’s costliest catastrophe in 2018.

A top executive overseeing the utility’s electric division is leaving the company amid rising concerns about its financial health and safety practices following the recent California wildfires.

PG&E 's credit rating was cut to junk at S&P Global Ratings, sending shares down more than 10% early Tuesday. The downgrade came as bad news has piled up for PG&E amid its potential liabilities from last year's California wildfires, the credit-rating agency s…

Tuesday: Why utility companies have spent big on lobbying in Sacramento; Newsom stakes his claim; a teachers’ strike is looming

Iconic hedge-fund billionaire Seth Klarman's Baupost Group loaded up on 14,479,790 shares of PG&E, California's biggest utility provider, in the third quarter. The utility has been under pressure, sliding 60% since November, as it may be responsible for the d…

PG&E shares plunged more than 20% Monday as concerns mounted that the company might be forced to seek bankruptcy protection because of billions of dollars in liabilities tied to California’s recent wildfires.

The prospect of PG&E Corp. seeking bankruptcy protection to overcome potential wildfire liabilities is drawing both concern and skepticism, and dragged down the shares Monday. The company is considering whether to file for bankruptcy as soon as February, peop…

PG&E Corp's shares plunged more than 18 percent on Monday after sources said the California utility is exploring filing for bankruptcy protection as it fears a big charge in the fourth quarter related potential liabilities from wildfires.

California utility PG&E is facing billions of dollars in liabilities related to deadly wildfires, and now it may be considering bankruptcy Business Insider PG&E could receive financial help through legislation that would let it pass on to customers costs asso…