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Bailout doubt – PG&E faces bankruptcy amid California's 'first climate change-caused emergency'
Utility Dive: Barring a deal brokered by the new California governor, Pacific Gas and Electric (PG&E), the state's biggest electricity provider, will file for bankruptcy at the end of January.
However, the state and the utility are examining other options in their limited time frame. PG&E wants lawmakers to authorize a financial tool called securitization to raise capital. But many equate that to a bailout for a company they say should not be saved without complete corporate restructuring, considering its safety record.
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