California Approves PG&E Bankruptcy Plan With Oversight, Safety Conditions May 29, 2020 By Mark Chediak California regulators approved PG&E Corp.’s $58 billion reorganization plan, bringing the power giant another step closer to exiting the biggest...
Why Utilities Are Turning to Bond Market to Pay for Natural Disaster Losses February 11, 2020 By Will Wade and Mark Chediak Fires and floods are sending some of the nation’s largest utilities to the bond market to cover huge, unexpected bills....
Climate-Friendly Battery Boom Presents Growing Fire Safety Challenge January 29, 2020 By David R. Baker and Mark Chediak The explosion ruptured the dusk settling over the desert in Surprise, Arizona. For hours, smoke had poured from a metal...
PG&E, Gov. Newsom Split Over State Takeover Authority December 19, 2019 By Scott Deveau and Mark Chediak A clause that would allow California to take over bankrupt utility giant PG&E Corp. under certain circumstances has emerged as...
PG&E Takes California Governor out of $13.5B Wildfire Deal December 17, 2019 By Mark Chediak Bankrupt utility giant PG&E Corp. has removed a requirement that California Gov. Gavin Newsom sign off on its settlement with...
PG&E Gains on $13.5B Settlement With California Wildfire Victims December 9, 2019 By Mark Chediak and Scott Deveau PG&E Corp. surged on the strength of a Friday announcement it had secured a $13.5 billion settlement with victims of...
PG&E Warns of Possible Northern California Blackouts at Mid-Week November 18, 2019 By Brian K. Sullivan and Mark Chediak PG&E Corp. is warning a quarter-million homes and businesses could lose power in northern California starting Wednesday as high winds...
This Wildfire Metric Threatens to Upend PG&E’s Restructuring Plan October 29, 2019 By Mark Chediak and Steven Church PG&E Corp. investors looking to learn their fate may not get the answer from the bankrupt power company. Instead, the...
PG&E Power Shutoffs Hit 2.7M as California Wildfires Burn October 28, 2019 By Mark Chediak and David R. Baker Mass power shutoffs by PG&E Corp. left more than 2.7 million Californians in the dark Sunday, the state’s largest deliberate...
California Braces for Biggest Blackout Yet as Massive Wildfire Burns October 25, 2019 By Mark Chediak, David R. Baker and Brian K. Sullivan As wildfires rage and utilities race to restore power, the worst may be yet to come for California residents. PG&E...