Jan. 14 (UPI) -- Facing blame for the deadliest wildfire in California history, Pacific Gas and Electric announced it will file for Chapter 11 bankruptcy protection, sending its stock tumbling 50 percent Monday.
PG&E's market value has plummeted more than $30 billion since 2017. The company provided official 15-day notice that it will file petitions to reorganize under Chapter 11 bankruptcy on or about Jan. 29.