PG&E Corp files for Chapter 11 bankruptcy protection

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FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo — FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, Thomson Reuters

(Reuters) - Power provider PG&E Corp filed for voluntary Chapter 11 bankruptcy protection on Tuesday, succumbing to liabilities stemming from wildfires in Northern California in 2017 and 2018.

PG&E also filed a motion seeking court approval for a $5.5 billion in debtor-in-possession (DIP) financing.

(Reporting by Subrat Patnaik in Bengaluru; Editing by Saumyadeb Chakrabarty)

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