PG&E’s push for legislation to help it pay off billions of dollars in wildfire claims fell apart Friday
SACRAMENTO, Calif.—PG&E Corp.’s last-minute push for legislation to help it pay off billions of dollars in wildfire claims fell apart Friday as the California lawmaker who authored the measure said he would shelve the proposal for the year.
The bill, by Republican Assemblyman Chad Mayes, would have given the bankrupt utility giant access to as much as $20 billion in tax-exempt state bonds backed by shareholder profits. Mr. Mayes said in an interview Friday that he expects to make the proposal a “two year bill,” meaning...
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