PG&E could sell gas division, or seek bankruptcy, as Camp Fire woes mount

PG&E, facing billions in potential losses from the Camp Fire and other wildfires, is reportedly exploring the sale of its natural gas division or a bankruptcy filing as it tries to deal with its staggering financial liabilities. NPR, quoting anonymous sources, said Friday that PG&E might sell the gas division as well as some of its real estate, including its headquarters in San Francisco, to raise cash for wildfire claims. The entire effort is part of a strategy code-named “Project Falcon,” NPR reported.