March 11, 2019 / 8:38 PM / 13 days ago

In defense of $5.5 bln loan, PG&E says plans housing fund for wildfire victims

PG&E Corp said on Monday it will soon create a fund to provide housing for victims of California wildfires but argued that court approval of a $5.5 billion bankruptcy loan should not be conditioned on establishment of the fund.

A motion regarding a housing fund will be filed in the “coming weeks,” PG&E said in a filing in U.S. Bankruptcy Court in San Francisco.

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