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Downed power pole A broken power pole leans on the ground during the Camp Fire in Paradise, California, on Tuesday, Nov. 13, 2018. (Photo: David Paul Morris/Bloomberg)

PG&E Corporation has announced that it is preparing to enter Chapter 11 with its regulated utility subsidiary, Pacific Gas and Electric Company (the ‘Utility’), as a result of the “extraordinary challenges” they are facing relating to the wildfires that occurred in Northern California in 2017 and 2018.

Related: PG&E warned investors about weather-related disasters. It was mostly ignored

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