The state has until midnight on Friday to inform PG&E if its plan, including a $13.5 billion settlement with victims of wildfires blamed on the company’s power lines, meets criteria established under the statute, known as Assembly Bill 1054, which was enacted in July. Newsom was expected to make a public statement on the reorganization plan on Friday night, according to a spokesman for the governor, Nathan Click. If Newsom decides PG&E’s plan falls short, the company would still have until Tuesday to propose changes to meet the state’s demands, a necessary step before it can submit its …read more
Source:: Yahoo Finance
