PG&E shareholders outline possible $15 billion rights issue By Reuters

© Reuters. PG&E works on power lines to repair damage caused by the Camp Fire in Paradise

(Reuters) – PG&E Corp (N:) shareholders have committed to engaging in a rights offering worth a potential $15 billion in support of a planned reorganization of the embattled company, according to a company filing on Thursday. [https://

The Californian power producer sought Chapter 11 bankruptcy protection in January after severe wildfires in 2017 and 2018 resulted in more than $30 billion in liabilities.

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2019-08-08

By: Staff Writer

On: August 8, 2019

In: Hot Stock News

Tagged: billion, issue, outline, PGE, Reuters, rights, Shareholders

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