California governor says if PG&E doesn't get itself out of bankruptcy the state could take it over

California governor says if PG&E doesn't get itself out of bankruptcy the state could take it over
The state of California could take over Pacific Gas and Electric if the utility company does not pull itself out of bankruptcy by the middle of next year, California Gov. Gavin Newsom said in a news conference Friday.

Source: California governor says if PG&E doesn't get itself out of bankruptcy the state could take it over How Insurance Companies Work?