PG&E is the largest power company in the United States and is giving employees a 15 day notice of intent to file Chapter 11.
The catastrophic fires of 2017 and 2018 in California could reach upwards of $30 billion in damages and liability. The CEO has announced his exit and has been replaced on a temporary basis by the corporate lawyer, John Simon. PG&E serves 16 million customers and this legal process is not supposed to impact services for electric power or natural gas.