August 8, 2019 / 2:58 PM / 9 days ago

PG&E shareholders outline possible $15 billion rights issue

Aug 8 (Reuters) - PG&E Corp shareholders have committed to engaging in a rights offering worth a potential $15 billion in support of a planned reorganization of the embattled company, according to a company filing on Thursday. [bit.ly/2GVp33o ]

The Californian power producer sought Chapter 11 bankruptcy protection in January after severe wildfires in 2017 and 2018 resulted in more than $30 billion in liabilities.

Reporting by Shanti S Nair in Bengaluru; Editing by Patrick Graham

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