Thursday, July 11, 2019

[CaliforniaDisasters] Paul Singer’s Elliott Is on the Verge of a Big Win in PG&E Clash

California legislators side with PG&E bondholders in tussle with shareholders over wildfire-liability bill

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How to Prevent the Next PG&E Disaster
How to Prevent the Next PG&E Disaster
Vulnerabilities in PG&E's infrastructure combined with the impact of climate change contributed to hundreds of wildfires in California, including the deadly Camp Fire in 2018. Here's a look at upgrades to the utility giant's power grid that might have prevented these blazes. Photo: Reuters
The California legislature is primed to deliver a preliminary victory to hedge-fund billionaire Paul Singer and other PG&E Corp. bondholders in their monthslong battle with the utility's shareholders.


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