
Insurers offer competing plan to rescue PG&E from bankruptcy
some insurance companies want to take over PG&E to get it out of bankruptcy the utility owes about 20 billion dollars in wildfire claims the insurance companies filed court documents yesterday to end a PGA’s exclusive right to file a reorganization plan PG&E filed for bankruptcy earlier this year to deal with billions of dollars in liabilities from wildfires to its equipment possibly that it’s equipment possibly started
Either way the taxpayers are on the hook.