(Bloomberg) — PG&E Corp. investors looking to learn their fate may not get the answer from the bankrupt power company. Instead, the key data point could pop up within days on the website of California’s forestry service.That’s where firefighters are tracking how many structures the Kincade Fire has destroyed — 94 at last count. If the tally tops 500, and it turns out that PG&E equipment started the fire, the backers of two competing reorganization plans have the right to withdraw because of the soaring liability.The collapse of those efforts could lead to painful losses for junior bondholders, and all …read more
Source:: Yahoo Finance
