Northern California Wildfire Lawsuits Update: Bankruptcy Court Approves PG&E Chapter 11 Reorganization Plan
A U.S. bankruptcy judge has approved Pacific Gas and Electric Co.’s $59 billion reorganization plan, resolving a turbulent bankruptcy that started when the nation’s largest utility sparked a series of wildfires that killed more than 100 people, leveled entire California communities, and led it to plead guilty to over 80 separate counts of involuntary manslaughter.