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California Power Company to File for Bankruptcy Over Wildfire Liabilities

California's largest power company is declaring bankruptcy as it faces billions of dollars in liabilities linked to catastrophic wildfires over the past two years. Pacific Gas and Electric made its announcement Monday, a day after the resignation of company chief executive Geisha Williams. U.S. officials are investigating whether equipment from the power company sparked the November wildfire in northern California that led to the deaths of 86 people — the deadliest and most...

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