by Kiley Crossland
Posted 1/14/19, 10:35 am
The Pacific Gas and Electric Company said Monday it will file for bankruptcy in the face of massive potential liabilities for deadly California wildfires in recent years. CEO Geisha Williams resigned Sunday, and the share price of the publicly traded utility plunged by 50 percent Monday morning. PG&E provides natural gas and electricity to about 16 million people in most of the northern two-thirds of California. State fire investigators have blamed the company for wildfires that broke out in Northern California in October 2017.