The city of San Francisco has offered to buy PG&E Corp's power lines and other electrical system infrastructure serving the city for $2.5 billion, according to the utility, which sought Chapter 11 bankruptcy protection in January.
PG&E is expected to file a reorganization plan in a U.S. bankruptcy court in San Francisco this week that addresses its estimated $30 billion in liabilities from wildfires in
California in 2017 and 2018, including November's Camp Fire, the deadliest and most destructive wildfire of the state's modern history.
"We all agree on the importance of continuing to serve the citizens of San Francisco with safe, clean, affordable and reliable energy," PG&E said in a statement provided by spokeswoman Karly Hernandez on Sunday.