(Reuters) - U.S. power company PG&E Corp (N:) said on Wednesday it expected capital expenditure of about $6.6 billion in 2019 and $6.9 billion in 2020.
PG&E, which provides electricity and to 16 million customers in northern and central California, faces widespread litigation, government investigations and liabilities related to wildfires that could potentially exceed $30 billion.
The company said on Tuesday it secured $5.5 billion in financing from four banks as it prepares to file for Chapter 11 bankruptcy protection.
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