Hedge funds’ proposal to ‘rescue’ PG&E is probably too good to be true

The Legislature and Gov. Gavin Newsom are grappling with the most significant utility-related public-policy issue our state has faced in some time–California’s wildfire vulnerability and the bankruptcy of Pacific Gas & Electric Co. Crafting a legislative solution is challenging. Add an active bankruptcy court proceeding and billions of dollars at stake, and the stage is […]