Bako News If PG&E goes into bankruptcy, what does it mean for customers?

If PG&E goes into bankruptcy, what does it mean for customers?

BAKERSFIELD, Calif. (KBAK/KBFX) – Pacific Gas and Electric Co. is having a rocky start to the new year, with stock prices sinking this week amid fears that wildfire liabilities could reach $30 billion. Meanwhile, PG&E's credit rating has been slashed to junk status. With bankruptcy speculation swirling, what does it all mean for the customer? If PG&E opts to file for bankruptcy, it would be Chapter 11 bankruptcy, allowing the company to reorganize, or free up assets to reduce expenses. Path to Full Story on 29 Eyewitness News