PG&E is expected to name a restructuring chief as it finalizes planned bankruptcy filing (PCG)

REUTERS/Terray Sylvester

• California utility owner PG&E is preparing to name a restructuring chief as it finalizes preparations for a bankruptcy filing expected to come as soon as early Tuesday morning.
• PG&E plans to file for bankruptcy protection in a San Francisco federal court, the sources said, in part to address liabilities it expects to top $30 billion stemming from catastrophic wildfires in the last two years.
• Those fires have killed more than 100 people and destroyed numerous homes.

(Reuters) - California utility owner PG&E is preparing to name a restructuring chief as it finalizes preparations for a bankruptcy filing expected to come as soon as early Tuesday morning, people familiar with the matter said.

PG&E plans to file for bankruptcy protection in a San Francisco federal court, the sources said, in part to address liabilities it expects to top $30 billion stemming from catastrophic wildfires in the last two years that have killed more than 100 people and destroyed numerous homes.

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