The utility formally has filed its plans to shut down the two Northern California dams and century-old powerhouse that ...

Less than 24 hours after the company's CEO stepped down, Northern California's largest utility company -- Pacific Gas & Electric -- announced Monday it was going to file for Chapter 11 bankruptcy.

PG&E spokeswoman Andrea Menniti confirmed Monday evening, "We expect to file petitions to reorganize under Chapter 11 on or about January 29." Both PG&E Co. and its parent holding company, PG&E ...