Viewsroom: Why did PG&E file for bankruptcy?

Viewsroom

Reuters

News

4.4 • 58 Ratings

🗓️ 31 January 2019

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

The California utility may face up to $30 bln in wildfire costs. But shareholders see value and lenders were willing to stump up cash. The board’s desire to cut other expenses may have driven the decision. Plus: How U.S. charges against Huawei may affect the telco industry. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Where do you find a clear signal in a world of static?
0:03.2	In a time of rapid change cut through the noise,
0:06.2	the economist goes beyond the headlines to decode the forces shaping today and defining tomorrow.
0:12.7	Get the full story.
0:14.1	It's more than news.
0:15.4	It's a trusted global perspective.
0:17.7	The economist know which way is up.
0:20.6	The views expressed on this podcast are those of the participants, not of Roiders' News.
0:30.6	How can a company go bankrupt when it's still solvent? And what do Huawei's U.S. fraud charges
0:35.7	mean for the telecoms industry? These are the questions we'll be digging into on this week's views room.
0:40.3	I'm your host, Anthony Curry.
0:42.3	Later in the show, I'll be handing over to a couple of our colleagues in London
0:46.3	to discuss the latest problems hitting the Chinese telecom equipment maker.
0:50.3	To kick off, let's turn our attention westwards to California.
0:55.2	On January 29th, PG&E, one of the country's largest electricity providers, filed for Chapter 11.
1:02.2	Rather unusually in this situation, it's stock-sword and the company is currently worth $7 billion or so.
1:08.5	Joining us to make some sense out of this conundrum is Breaking View's Dallas-based columnist
1:12.4	Lauren Silverloffin.
1:13.6	Welcome on the show, Lauren.
1:15.6	Hi.
1:16.6	Thanks for having me.
1:17.6	So let's start with the basics.
	...

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