California governor rejects PG&E bankruptcy reorganisation plan
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(Reuters) - California Governor Gavin Newsom on Friday rejected a bankruptcy reorganisation plan submitted by PG&E Corp , the state's largest investor-owned utility, saying its proposal fails to meet the requirements of a recently enacted wildfire law.The decision by Newsom, sent to PG&E in a letter, complicates the company's push to exit bankruptcy and provide billions of dollars to victims of devastating wildfires in 2017 and 2018 sparked by the utility's power lines.The embattled utility now..