(Bloomberg) — Bankrupt utility giant PG&E Corp. has removed from its $13.5 billion settlement with wildfire victims the requirement that California Governor Gavin Newsom sign off on its restructuring plan.PG&E reached an agreement with representatives of the victims of fires ignited by its equipment to eliminate the provision after Newsom said last week that the power company’s proposed reorganization plan doesn’t comply with state law.San Francisco-based PG&E announced the decision Monday night, less than a day before it was required by the fire victims deal to respond to Newsom’s rejection and address his concerns. The governor had described the utility’s …read more
Source:: Yahoo Finance
