President Biden approves a $15 billion loan for PG&E to address lawsuits and improve infrastructure.

In one of his last acts, President Biden approved a $15 billion loan for Pacific Gas and Electric (PG&E), the largest since the 2008 financial crisis. The loan, intended to help PG&E, facing numerous lawsuits over wildfires, will aid in paying down debts and support infrastructure improvements. Approved under the CARES Act, the loan is aimed at ensuring the company can continue providing reliable energy services.

2 months ago
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