PG&E is asking regulators to approve big rate increases, none of which would cover any legal claims from this year's deadly Camp Fire or the North Bay wildfires of 2017.
The utility company asked the California Public Utilities Commission to OK a rate hike of over $1 billion that would be collected from customers in 2019 to cover costs associated with operations and wildfire safety.
Even before the Camp Fire, PG&E was facing billions of dollars in liabilities from last year's North Bay wildfires that led to the passage of SB901, which some refer to as a 'bailout' bill.
The company's stock has fallen substantially since reports surfaced that PG&E equipment may have started the deadliest and most destructive wildfire in California history, although legislation has eased fears of bankruptcy somewhat.