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California governor aims to block PG&E's bankruptcy plan

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Posted at 6:08 AM, Jan 23, 2020
and last updated 2020-01-23 09:09:19-05

SAN FRANCISCO (AP) - California Gov. Gavin Newsom is urging a federal judge to reject Pacific Gas and Electric's blueprint for getting out of bankruptcy and renewing his threat to lead a bid to turn the beleaguered utility into a government-run operation.

The sternly worded rebuke of PG&E's plan made by Newsom's lawyers in a court filing Wednesday escalates the intrigue in a case that will determine the fate of the nation's largest utility.

PG&E is trying to dig out of a financial hole because of more than $50 billion in claims stemming from a series of catastrophic wildfires blamed on the San Francisco company.