(Bloomberg) — California Governor Gavin Newsom said he was prepared to restructure bankrupt PG&E Corp. if the parties that are battling over control of the company are unable to quickly resolve its Chapter 11 case.“All options are on the table,” Newsom said in a statement. Those options could include a state-led takeover of the utility, advisers said in an interview.Newsom again blasted PG&E for its handling of a series of intentional mass blackouts intended to keep power lines from igniting fires during high winds. He said the shutoffs highlighted PG&E’s “culture of ineptitude – a behemoth that was slow to …read more
Source:: Yahoo Finance
