Calif. Governor Proposes Fund to Pay for Wildfire Liabilities; PG&E Shares Rise
But please: don’t call it a bailout.
(From Newsmax)
The government’s support for the utilities “should alleviate some of the market’s concerns about future liabilities,” he said.
The report was harshly critical of PG&E, saying it is “taking advantage of the bankruptcy process to promote the interests of investors over fire victims and other stakeholders.”
Reprinted from: https://www.ac2news.com/2019/04/calif-governor-proposes-fund-to-pay-for-wildfire-liabilities-pge-shares-rise/
