Wildfire costs burn $1.62 billion hole in PG&E's September quarter numbers

The company landed in bankruptcy again in January as it grapples with an estimated $30 billion in potential liabilities from wildfires that its equipment ignited or likely ignited in 2017 and 2018

Pacific Gas & Electric reported another huge loss on Thursday as the fallout from catastrophic wildfires blamed on its outdated transmission lines drive the bankrupt utility into a deeper hole.

The company estimated it's facing a bill of more than $6 billion this year alone to pay for devastating fires in 2017 and 2018, more rigorous inspection of its electrical equipment, and customer credits for recent blackouts designed to prevent more blazes.

Additionally, PG&E logged a $2.5 billion settlement with insurance companies for the 2017 and 2018 wildfires, bringing its total charges for the fires during those years to $20 billion, according