SAN FRANCISCO (AP) — The Latest on PG&E's bankruptcy proceeding (all times local):

3:50 p.m.

PG&E Corp. has released a plan to offer nearly $18 billion to wildfire victims, insurance companies and cities and public entities in California that battled wildfires sparked by electrical equipment.

The preliminary plan was filed in bankruptcy court on Monday.

PG&E sought bankruptcy protection in January because it said it could not afford an estimated $30 billion in damages from recent deadly wildfires caused by company equipment.

The company says in court papers that it could raise more than $30 billion in debt and equity financing from the largest banks in the nation. The company said the strategy will not result in rate increases for its customers.

10:30 a.m.

San Francisco officials are offering to buy Pacific Gas & Electric's power lines and other infrastructure in the city for $2.5 billion.

Mayor London Breed and City Attorney Dennis Herrera presented the offer in a letter sent to the utility Friday.

Breed said in a statement Sunday the offer was "competitive, fair and equitable" and will offer financial stability to PG&E. It doesn't include PG&E's natural gas system in the city.

The utility is set to submit Monday its plan for getting out of bankruptcy, which will include how it intends to repay billions in liabilities from wildfires in 2017 and 2018.

PG&E said in a statement that selling assets to San Francisco wasn't in the best interest of its customers and stakeholders.

MONTPELIER, Vt. & ADDISON, Texas--(BUSINESS WIRE)--
The National Life Group Board of Directors has approved an estimated payment of $23 million in dividends to eligible participating policyholders in 2027. This payment represents National Life Group’s ongoing commitment to its policyholders and continues the proud heritage of having paid dividends since 1855.

An annual dividend is a yearly payment from the life insurance company for certain policies. Every year the company determines what the dividend rate will be, or if they will pay a dividend at all. Annual dividends are not guaranteed and may increase or decrease from policy year to policy year.

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National Life Group^® is a trade name of National Life Insurance Company (NLIC), Montpelier, VT founded in 1848, Life Insurance Company of the Southwest (LSW), Addison, TX chartered in 1955, and its affiliates. Each company is solely responsible for its own financial condition and contractual obligations. LSW is not an authorized insurer in New York and does not conduct insurance business in New York. NLIC, the flagship of National Life Group was founded in 1848, and all references to 1848 are attributable to NLIC.

Products are issued by National Life Insurance Company and Life Insurance Company of the Southwest. TC9198668(1026)1

View source version on businesswire.com: https://www.businesswire.com/news/home/20261106113474/en/

Sarah Donovan, corporate communications, National Life Group, 469-851-9491

Source: National Life Group