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But the outlook improved this August when state lawmakers approved a bill designed to help PG&E pay for damages tied to the fires and still remain solvent
Hedge Funds Jump Into California Utilities, and Some Get Hurt
published Nov 16, 2018, 10:24:14 AM, by Miles Weiss (Bloomberg) — PG&E Corp., the California utility beset by potential costs tied to state wildfires, attracted investments from some of the nation’s best-known hedge funds just before its share price swooned. Baupost Group, the Boston-based hedge fund run by Seth Klarman,