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PG&E’s Bankruptcy Plan Wins Support From Wildfire Victims

BERKELEY, Calif. (AP) – Pacific Gas & Electric says its plan for getting out of bankruptcy has won overwhelming support from the victims of deadly Northern California wildfires ignited by the utility’s fraying electrical grid. The victims backed PG&E’s blueprint despite concerns that they will be shortchanged by a $13.5 billion fund that’s supposed to cover their losses. The preliminary results of a vote announced Monday keep PG&E on track for meeting a June 30 deadline to get out of bankruptcy so it can qualify for a wildfire insurance fund that was created to help protect the utility from getting into financial trouble again.