The 2018 and 2019 losses were born by the pre-second-bankruptcy PG&E, not the post-bankruptcy company of the same name. (And, when I say "born by the pre-secon

The 2018 and 2019 losses were born by the pre-second-bankruptcy PG&E, not the post-bankruptcy company of the same name. (And, when I say "born by the pre-second-bankruptcy PG&E", I mean, "born largely by its creditors as they were discharged in bankruptcy", those creditors including fire victims, who got a settlement fund with a fixed amount of cash and stock which is wrapping up claims settlement now and will have paid out a little bit over 70 cents on the dollar of actual liabilities.)