Judge calls on state to develop plan to evaluate PG&E restructuring proposals | KRCR

Judge calls on state to develop plan to evaluate PG&E restructuring proposals | KRCR: A federal judge has granted a two-week period for California officials to develop a way to evaluate competing bids to restructure Pacific Gas & Electric and pull it out of bankruptcy. Gov. Gavin Newsom's administration and state regulators requested the time Wednesday to work with PG&E Corp. and two groups of investors who want to take over the troubled utility. PG&E filed for bankruptcy amid an estimated $30 billion in liabilities from recent wildfires its equipment may have ignited.