Karl Mondon | Digital First Media | Getty Images
A PG&E worker attempts to clear a fallen utility pole from Pentz Road in Paradise, Calif., after it was felled by the Camp Fire, Thursday, November 8, 2018.
PG&E shares rose 15% Monday after Bloomberg News reported that an investor group has offered company a $4 billion alternative plan that would avoid bankruptcy.
PG&E’s equipment was liable in at least 17 major wildfires in 2017 and it remains unclear whether PG&E will be found liable for November’s Camp Fire. That fire killed at least 86 people and destroyed about 14,000 homes, making it the state’s deadliest fire.
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