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What was the main reason for PG&E's Chapter 11 bankruptcy filing in 2019?
Natural disasters
Financial mismanagement
Corporate espionage
Market competition
Answer
PG&E filed for Chapter 11 bankruptcy in 2019 due to its liability for the catastrophic 2017 and 2018 wildfires in Northern California. The company faced significant financial losses as a result of the fires, which were attributed to their equipment and infrastructure.
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