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PG&E files for 2nd bankruptcy, ignoring investor pleas
Utility Dive: As expected, Pacific Gas & Electric (PG&E) filed for bankruptcy on Tuesday morning, capping a months-long debate over how the utility could manage tens of billions in potential wildfire liabilities.
It is the second time the utility has filed for Chapter 11 bankruptcy in less than two decades — unusual for any company, but particularly for a highly-regulated public utility.
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