A California lawmaker has unveiled a bill seeking to transform the nation's largest electric utility into a publicly owned company.

State Sen. Scott Wiener announced the legislation Monday involving Pacific Gas & Electric and its sprawling network of power lines has been blamed for starting catastrophic wildfires.

PG&E is trying to emerge from bankruptcy by June 30 so it can participate in a state insurance fund.

Gov. Gavin Newsom has threatened a state takeover if the company does not restructure its board and improve its electric grid.

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