PG&E  stated on Monday that it has gotten a subpoena from the US attorney's office seeking information relating to the Dixie Fire and that it expects to lose $1.15 billion this year as a result of the wildfire.

The corporation received the subpoena on October 7, according to a regulatory filing.

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In early August, the so-called Dixie, the second-largest California wildfire on record, raged over Northern California neighborhoods and forests, forcing hundreds of people to abandon their homes and causing power outages as a precaution.

The cause of the Dixie fire is still being looked into. The blaze may have begun when a tree fell onto one of the utility poles, according to PG&E.

Last year, the company was able to escape from bankruptcy. After wildfires generated by its equipment in 2017 and 2018 pushed the utility's possible liabilities into the tens of billions of dollars, it sought protection from creditors.

PG&E, based in San Francisco, reported a $1.091 billion loss, or 50 cents per share, for the third quarter ended Sept. 30, compared to a profit of $83 million, or 4 cents per share, a year ago.

After its equipment sparked many deadly wildfires over several years, the business announced in July that it will bury 10,000 miles of electricity lines in high-risk fire zones as a safety measure.

In morning trade, PG&E shares were down as much as 2.97 % at $11.255.