Municipal Bond Credit Report: PG&E is expected to pay property taxes during bankruptcy

Municipal Bond Credit Report: Ratings analysts don’t think the pending bankruptcy of California’s investor-owned PG&E Corporation will greatly stress the state and local governments. The corporation, which owns the Pacific Gas & Electric utility, announced Monday it would file for Chapter 11 bankruptcy protection in two weeks in the face of estimates upward of $30 billion in legal liability for deadly wildfires sparked by its equipment…. Link to Story