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U.S. judge approves bankruptcy loan for Calif. power producer PG&E

SAN FRANCISCO, March 27 (Reuters) - Bankrupt California power provider PG&E Corp won court approval on Wednesday for a $5.5 billion loan to help maintain electricity and natural gas delivery and for investments to reduce the risk of wildfires as it reorganizes.

San Francisco-based PG&E filed for Chapter 11 bankruptcy protection in January in the aftermath of devastating wildfires that struck California in recent years, some linked or suspected to be linked to the company's equipment.

Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco approved the debtor-in-possession loan over objections of a committee representing victims of wildfires that wanted PG&E to fund a program for housing, food and other necessities for the victims before getting the financing approved. (Reporting by Jim Christie in San Francisco; Editing by Jeffret Benkoe)