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Signage warning of power lines overhead is seen next to a burned-out vehicle 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)

A series of devastating wildfires that killed more than 100 people and scorched hundreds of thousands of acres in California over the course of two years just brought one of America’s largest utilities to its knees.

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