08
Sep
1. Pacific Gas and Electric (PG&E)Pacific Gas and Electric, one of the largest investor-owned utilities in the United States, filed for bankruptcy in 2019 after facing an estimated $30 billion in liabilities tied to catastrophic wildfires. Investigations found that aging transmission equipment sparked several fires, including the 2018 Camp Fire, the deadliest wildfire in California’s history. Years of deferred maintenance, combined with climate-driven drought and extreme heat, amplified environmental risk. The company’s collapse into Chapter 11 underscored how ignoring climate adaptation and infrastructure resilience can devastate even century-old utilities.2. Peabody EnergyOnce the world’s largest private coal company, Peabody Energy filed…
