X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Fires and floods are sending some of the nation’s largest utilities to the bond market to cover huge, unexpected bills. California’s PG&E Corp., which was forced into bankruptcy a year ago after its equipment sparked the deadliest wildfire in state history, is seeking permission from the state to issue as much as $7 billion in bonds to cover claims. Meanwhile, North Carolina-based Duke Energy Corp. is putting together a bond deal to pay for almost $1 billion in repairs and other expenses from hurricanes and snowstorms that swept across Florida and the Carolinas.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.