California governor to decide on PG&E bankruptcy plan
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(Reuters) - California Governor Gavin Newsom was expected to decide late on Friday whether a bankruptcy reorganization plan submitted by PG&E Corp , the state's largest investor-owned utility company, complies with a recently enacted state wildfire law.The state has until midnight on Friday to inform PG&E if its plan, including a $13.5 billion (£10.52 billion) settlement with victims of wildfires blamed on the company's power lines, meets criteria established under the statute, known as..