PG&E’s Plan to Cap Fire Liabilities at $18 Billion Draws Outrage

PG&E’s Plan to Cap Fire Liabilities at $18 Billion Draws Outrage: California utility giant PG&E Corp. has issued its long-awaited plan for emerging from the largest utility bankruptcy in U.S. history: Raise debt, offer equity and cap the wildfire liabilities that led to its collapse at $18 billion—less than half of what victims and insurers have asked for.