PG&E on Monday filed a Chapter 11 bankruptcy reorganization plan in another step to, among other efforts, compensate wildfire victims, PG&E officials said.
The San Francisco-based company said the plan filed Monday will not raise or lower customers' rates while compensating wildfire victims "fairly."
PG&E's liability would be limited to $17.9 billion if the court approves the plan.
Wildfire victims and certain public entities would receive no more than $8.4 billion.
PG&E is trying to reorganize before June 30, 2020, so the company can participate in the state's newly-established wildfire fund.