PG&E jolted by billions in quarterly losses amid wildfire costs, sees exit from bankruptcy
By George Avalos / Bay Area News Group
Utility suffers $3.6 billion fourth-quarter loss, $3.8 billion in wildfire expenses
PG&E posted a $3.62 billion loss for the final three months of 2019, but the embattled utility said Tuesday it’s on track to emerge from a bankruptcy quagmire linked to its liabilities for a string of lethal wildfires.
Tucked away in its multiple disclosures related to its financial results was the revelation of a new plan to spend $37 billion to $41 billion over the next five years in “infrastructure investments.”