Jan 22 (Reuters) - U.S. power producer PG&E Corp's    shares surged more than 10 percent on Tuesday after it said it had secured $5.5 billion in debtor-in-possession (DIP) financing from four banks as it prepares to file for Chapter-11 bankruptcy protection.
    The financing will comprise a $3.5 billion revolving credit facility, a $1.5 billion term loan and a $500 million delayed-draw term loan.
    Investment banks JPMorgan Chase & Co   , Bank of America Merrill Lynch   , Barclays Plc    and Citigroup Inc    will provide financing, the company said in a filing.
    The company said it expects to file for bankruptcy on or about Jan. 29. ()    
    PG&E, which provides electricity and natural gas to 16 million customers in northern and central California, faces widespread litigation, government investigations and liabilities that could potentially exceed $30 billion because of wildfires in the state.  
      

(Reporting by Debroop Roy in Bengaluru; Editing by Shinjini
Ganguli)
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