Wildfires: PG&E warns of financial losses due to Dixie Fire as blaze rages on

PG&E warned on Thursday that financial losses are “probable” as a result of the Dixie Fire that has scorched parts of Northern California, an unsettling reminder that the utility is facing a potentially mounting array of wildfire-linked money challenges.

San Francisco-based PG&E also warned on Thursday that it might be forced to confront a “material impact” if it doesn’t have sufficient insurance to cover potential costs connected to the Dixie blaze that continues to roar through Butte County and Plumas County in the rugged and remote Feather River Canyon region.

The disclosures were contained in a quarterly report that PG&E and its utility subsidiary Pacific Gas & Electric Co. issued

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