(Bloomberg) — PG&E Corp.’s latest attempt at escaping the California policy that saddled the power giant with billions of dollars in wildfire liabilities, pushed it into bankruptcy and led to the ousting of its chief executive officer has failed.U.S. Bankruptcy Judge Dennis Montali on Wednesday sided with wildfire victims, who said PG&E is subject to a legal doctrine known as inverse condemnation that holds utilities strictly liable for covering the costs of blazes linked to their equipment — regardless of whether they were negligent. PG&E had argued that it shouldn’t be subject to the rule because it’s owned by investors, …read more
Source:: Yahoo Finance
