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PG&E Slumps After California Blames Utility for Deadly Camp Fire

Tom Bemis

PG&E filed for bankruptcy earlier this year because it was likely to face more than $30 billion in potential liability costs stemming from the fire. "While we have not been able to review CAL FIRE's report, its determination that PG&E transmission lines near the Pulga area ignited the Camp Fire on the morning of November 8, 2018, is consistent with the company's previous statements," PG&E said in a statement Wednesday.