A trust created to compensate victims of past wildfires started by PG&E Corp. plans to lobby California for financial assistance, citing the company’s sluggish stock price that’s contributing to the fund’s shortfall.
“We also are trying to maximize our Trust assets by engaging with the State of California for some type of loan, or other instrument,” Trustee John Trotter said in a letter written to fire victims and filed in California bankruptcy court on Tuesday. “We have hired a lobbyist to assist us in these discussions.”
Concerns about the value of the stock to pay victims have persisted before PG&E ...
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