PG&E sees billions more in wildfire costs in 2019

Crippled California power company PG&E Corp (PCG.N) reported a rise in quarterly losses on Friday and forecast more costs related to the 2017 and 2018 wildfires that have forced it to file for bankruptcy and seek new public and private financial support.

The company now expects costs for the year of $3.8 billion to $4.1 billion after-tax, compared with $1 billion to $1.4 billion seen earlier.

The San Francisco-based utility filed for bankruptcy this past January, citing potential liabilities of more than $30 billion stemming from the wildfires.

The forecast includes about $1.51 billion to $1.48 billion in costs for the 2017 Northern California wildfires and $1.61 billion to $1.58 billion related to the 2018 Camp…

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