Pacific Gas and Electric says it expects to become more profitable than ever. But that won’t come until after the nation’s largest utility emerges from bankruptcy and pays off more than $25 billion in losses it sustained in catastrophic wildfires ignited by its outdated equipment. The rosy outlook came Tuesday with PG&E’s results for 2019. The San Francisco company lost $7.6 billion last year, widening from its previous record loss of $6.8 billion in 2018. PG&E sees much better times ahead if it can get out of bankruptcy by a June 30 deadline. It expects to post a profit of nearly $2.4 billion in 2024.