There's a plan in place to help give PG&E money to cover the costs of multiple lawsuits. And the utility company would not be on the hook to pay taxes on that money.
PG&E is facing payouts of up to $30 billion connected to lawsuits stemming from wildfires across California, including the deadly Camp Fire in Paradise where 86 people were killed.
PG&E has asked the California legislature to borrow money to cover costs. Assemblyman Chad Mayes has proposed a plan that would let tax-exempt bonds be used to cover those costs.
The costs would be paid by shareholders, not tax payers, keeping PG&E exempt from paying taxes.
The state's senate rules committee has not decided if the proposal will move forward.
