California wildfire victims and utility PG&E Corp have agreed to waive a Tuesday deadline for securing approval from the state’s governor for the power company’s reorganization plan that contains a $13.5 billion settlement for the victims. Last week, Governor Gavin Newsom rejected the PG&E reorganization plan and said he expected a new board of directors and stronger finances so it could invest in safer equipment. Gavin’s decision sent the PG&E’s share price tumbling on Monday. …read more
Source:: Yahoo Finance
