By Reuters
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(Reuters) - Power producer PG&E Corp will propose a $31 billion bankruptcy restructuring plan that will include two funds worth a total of $34 billion (27 billion pounds) to cover past and future wildfire claims, Bloomberg reported on Friday.
San Francisco-based PG&E sought Chapter 11 bankruptcy protection in January after facing liabilities of more than $30 billion in the wake of Camp Fire, California's deadliest and most destructive wildfire in recent times.
The company did not respond to a Reuters request for comment.
(Reporting by Debroop Roy in Bengaluru; editing by Patrick Graham)
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