California wildfire victims approve $13.5 billion payout by ‘overwhelming’ margin, PG&E says

SACRAMENTO, Calif. – PG&E Corp. said Monday it believes thousands of Northern California wildfire victims have approved the utility’s $13.5 billion payout plan, clearing the way for PG&E to emerge from bankruptcy. In a prepared statement, the company said that, based on preliminary results, the plan has won “overwhelming acceptance” from the approximately 70,000 victims who were eligible to …