SAN FRANCISCO: Bankrupt California power provider PG&E Corp won court approval on Wednesday for a US$5.5 billion loan to help maintain electricity and natural gas delivery and for investments to reduce the risk of wildfires as it reorganizes.
PG&E filed for bankruptcy protection on Jan. 29 in anticipation of liabilities from the wildfires, including a catastrophic 2018 blaze, the Camp Fire. It killed 86 people in the deadliest and most destructive wildfire in California history.
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