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California Bill Seeks Takeover of PG&E

SAN FRANCISCO (AP) – A California lawmaker wants to transform the nation’s largest electric utility into a publicly owned company. State Sen. Scott Wiener announced his legislation Monday involving Pacific Gas & Electric. The company and its sprawling network of power lines has been blamed for starting catastrophic wildfires. PG&E is trying to emerge from bankruptcy by June 30 so it can participate in a state insurance fund. Gov. Gavin Newsom has threatened a state takeover if the company does not restructure its board and improve its electric grid.