PG&E’s Bankruptcy – Why Governmental Agencies and Counterparties Need to Pay Attention

    View Authors January 2019

    After a series of tragic events, regulatory and financial difficulties, PG&E announced, on January 14, 2019, that it intends to file a Chapter 11 bankruptcy proceeding in the Northern District of California by the end of January. PG&E has estimated potential wildfire liabilities exceeding US$30 billion and reports that it has only US$1.4 billion in wildfire insurance.