PG&E reaches bankruptcy deal with California governor

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 6 Managing Financial Resources.

Description: Pacific Gas & Electric and California Gov. Gavin Newsom announced a deal Friday for the nation’s largest utility to emerge from bankruptcy triggered by massive liabilities from wildfires.

Source: CNBC.com – video report

Date: Mar 20, 2020

Link: https://www.cnbc.com/2020/03/20/pge-reaches-bankruptcy-deal-with-california-governor.html

Questions for discussion:

  • What are the implications for Californians going forward?
  • How will management decisions be affected as a result of the deal?

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