During the first quarter of 2023, PG&E earned $623 million, an 18.2% jump in profits from the $527 million the company tallied during the same quarter in 2022, PG&E said Thursday in a quarterly report filed with the Securities and Exchange Commission.

Source

  • moody@lemmings.world
    link
    fedilink
    English
    arrow-up
    2
    arrow-down
    6
    ·
    1 year ago

    They didn’t “declare bankruptcy,” they filed for Chapter 11 which is meant for reorganizing. It puts a hold on collections to allow the company to get its finances in order. It’s not for outright dismissing debts the way personal bankruptcy would.