pgampe-expects-to-spend-about-6.6-billion-in-2019

PG&E expects to spend about $6.6 billion in 2019

© Reuters. FILE PHOTO: PG&E works on power lines to repair damage caused by the Camp Fire in Paradise© Reuters. FILE PHOTO: PG&E works on power lines to repair damage caused by the Camp Fire in Paradise

(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.

Disclaimer: Fusion Media

would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.