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Every month you get a bill from your utility.

There's no two ways around it, pay it or the lights go out.

But what happens when the utility can't pay the bills?

Ask California, ask Pacific Gas and Electric.

One of the nation's largest utilities is on the brink of bankruptcy.

PG&E, supplying power and gas to 16 million, plans to file for chapter 11 as it faces billions

and potential liabilities from wildfires.

PG&E stopped to competing on Wall Street today, dropping 52 percent after the bankruptcy

news came out.

After a bankruptcy, PG&E will have a hard time borrowing money and that may mean higher

rates for consumers and less money for green energy projects.

PG&E is California's biggest utility.

They have about 20,000 workers.

Marisa Lagos hosts the Political Breakdown podcast at KQED in San Francisco.

They are a big publicly traded company that's basically been in existence for 150 years

in some form giving gas and electric power to people in California.

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