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Wednesday, March 27, 2019

PG&E gets $5.5 billion in funds amid fire-linked bankruptcy

PG&E gets $5.5 billion in funds amid fire-linked bankruptcy: PG&E has gained $5.5 billion in financing to keep operating during its wildfire-linked bankruptcy case, a funding package that enables big banks and Wall Street behemoths to seize the embattled utility's gas and electricity systems if PG&E defaults on the mega loan.

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