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After deadly blazes, PG&E's bankruptcy promises falling flat

Posted at 11:58 AM, Jul 01, 2021
and last updated 2021-07-01 14:58:14-04

SANTA ROSA, Calif. (AP) — Pacific Gas & Electric's CEO is pledging that the future will get “easier” and “brighter.” But those words are ringing hollow one year after the nation’s largest utility emerged from a complex bankruptcy triggered by a succession of harrowing wildfires ignited by its long-neglected electrical grid.

Tragedies over the past six years include a 2018 wildfire that killed 85 people and destroyed the town of Paradise.

Since the bankruptcy, PG&E has still been breaking safety promises, and a $13.5 billion trust set up for victims of its past catastrophes is facing a big shortfall.