California governor rejects PG&E bankruptcy plan, says company 'violated public trust'

Gavin Newsom.
(Image credit: Justin Sullivan/Getty Images)

Come back with a better plan.

That's essentially what California Gov. Gavin Newsom (D) on Friday told Pacific Gas & Electric after he rejected the utility company's plan to pull itself out of bankruptcy and pay victims of California's wildfires. Newsom said the proposal didn't meet safety requirements under state law and that PG&E fell "woefully short" of the safety benchmark. The company reportedly won't receive state assistance without implementing major changes to its plan. Without that money, it's future is murky.

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Tim O'Donnell

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.