PG&E Corp
PCG: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.FG | LOCK|rQ | LOCK|%?#n<#! |
Wildfire Liability Reforms Allow PG&E To Boost Its Growth Plan
Business Strategy and Outlook
PG&E emerged from bankruptcy in July 2020 after 17 months of negotiations with 2017-18 Northern California fire victims, insurance companies, politicians, lawyers, and bondholders. Shareholders lost some $30 billion of value from settlements, fines, and costs but retained control of the company. Bondholders were mostly made whole.
