During the first quarter of 2023, PG&E earned $623 million, an 18.2% jump in profits from the $527 million the company tallied during the same quarter in 2022, PG&E said Thursday in a quarterly report filed with the Securities and Exchange Commission.

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    • moody@lemmings.world
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      1 year ago

      They didn’t “declare bankruptcy,” they filed for Chapter 11 which is meant for reorganizing. It puts a hold on collections to allow the company to get its finances in order. It’s not for outright dismissing debts the way personal bankruptcy would.