Banks Step in to Ease PG&E’s Way to Bankruptcy – January 23, 2019

You’ve probably heard that California’s largest utility, PG&E, is planning to file for bankruptcy.

Four banks agreed yesterday to provide about $5.5 billion dollars to PG&E, to ease the utility’s way through an expected Chapter 11 bankruptcy. KRCB News Director Steve Mencher spoke with Marisa Lagos of the California Politics & Government Desk at KQED about the latest news. He asked whether bankruptcy is definitely on the horizon and about the newly announced financing.

Marisa Lagos is co-host of KQED’s Political Breakdown. We’ll have more on the PG&E story tomorrow. And visit us on the web, anytime, at Hear this story on demand with our free KRCB mobile app. You can also find this and past stories on our new North Bay Report Facebook page. Comment, share and give us a like there. Follow the North Bay Report on Twitter @KRCBNews.

Leave a comment