April 2, 2019 / 7:44 PM / 22 days ago

PG&E faces new probation terms aimed at cutting wildfire risk

NEW YORK, April 2 (Reuters) - A U.S. judge on Tuesday imposed new criminal probation terms on PG&E Corp aimed at reducing the risk that the bankrupt power producer’s equipment will spark more destructive wildfires.

U.S. District Court Judge William Alsup of the Northern District of California at a hearing barred PG&E from reissuing dividends so funds can be used to cut wildfire risk.

Reporting by Jim Christie Editing by Nick Zieminski in New York

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