On 29 January 2019, investor owned utility (IOU) Pacific Gas & Electric (PG&E) filed for bankruptcy as it contends with claims of fault related to recent wildfires in Northern California. As of 2017, PG&E was the second largest utility in California in terms of bundled retail electricity sales and within the top ten across the United States. At this time, investors and spectators appear confident that PG&E will re-emerge from bankruptcy, but in exactly what form is unclear. PG&E expects the bankruptcy process to last approximately two years.
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