Although PG&E has said it still has access to capital, borrowing money has become much more expensive for the company since the Camp fire decimated its stock price and credit ratings. Travis Miller, director of utilities research at the investment analyst firm Morningstar, thinks a Chapter 11 filing was all but inevitable for PG&E at some point this year, barring fast action by state officials to stabilize the company.
Source: latimes.com – Los Angeles Times