California utility scrambles to renegotiate wildfire deal California Gov. Gavin Newsom's opposition to Pacific Gas & Electric's restructuring plan is forcing the nation's largest utility to go back to the negotiating table and come up with a solution quicklySAN FRANCISCO -- California Gov. The San Francisco-based company needs to pull a deal off to meet a June 30 deadline to emerge from bankruptcy protection and regain its financial footing. One, a California state trial to be held in January, will determine whether PG&E is liable for a 2017 fire in Sonoma County that the company hasn’t accepted full responsibility for. The governor “may have upset a rather delicate bankruptcy process,” said Jared Ellias, a bankruptcy expert at University of California, Hastings College of the Law.

Source: ABC News December 14, 2019 20:03 UTC