San Francisco-based utility PG&E has filed an updated Chapter 11 restructuring plan to gain required approval by California Gov. Gavin Newsom (D), with whom the firm and its parent company PG&E Corp. have been sparring since bankruptcy was declared in 2019 amid blame for sparking the November 2018 Camp Fire.
PG&E faced billions of dollars in liability for the wildfire, which killed at least 85 people and destroyed nearly 19,000 buildings.