PG&E Offers Billions To Wildfire Victims In Bankruptcy Plan

PG&E has proposed a reorganization plan to emerge from bankruptcy and settle claims related to wildfire damages. The plan includes $18 billion in compensation for victims, insurance companies, and local governments. It aims to pay off debts and maintain power contracts while meeting California's clean energy goals. However, some lawyers representing wildfire victims criticize the plan as unsatisfactory. If PG&E resolves its bankruptcy by June 2020, it can join a state wildfire fund to cover future liabilities.

What is the significance of PG&E resolving its bankruptcy by June 2020?

What will the new state wildfire fund help California's investor-owned utilities cover?