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PG&E pickup Pacific Gas & Electric Co. (PG&E) employees work on gas lines in Paradise, California, on Tuesday, Jan. 22, 2019. PG&E Co., California’s biggest utility owner, faces $30 billion in potential wildfire liabilities, and its bankruptcy plan has reverberated across the power industry. The states big utilities have seen their shares plunge since November’s deadly Camp Fire, and PG&E’s debt rating has been cut to junk status. (Photo: David Paul Morris/Bloomberg)

As PG&E Corp. prepares to file for bankruptcy, victims of wildfires are getting a preview of how they’re likely to be treated as the utility reorganizes — harshly.

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