Bankrupt utility giant PG&E Corp. has removed a requirement that California Gov. Gavin Newsom sign off on its settlement with wildfire victims, trying to buy more time for its restructuring plan. PG&E reached an agreement Monday with representatives of the …
PG&E Corp. surged on the strength of a Friday announcement it had secured a $13.5 billion settlement with victims of wildfires ignited by its power lines, a step toward resolving the biggest utility bankruptcy in U.S. history. The agreement will …
PG&E Corp. is warning a quarter-million homes and businesses could lose power in northern California starting Wednesday as high winds return to the region. A fire weather watch has been issued by the National Weather Service for parts of northern …
PG&E Corp. investors looking to learn their fate may not get the answer from the bankrupt power company. Instead, the key data point could pop up within days on the website of California’s forestry service. That’s where firefighters are tracking …
Mass power shutoffs by PG&E Corp. left more than 2.7 million Californians in the dark Sunday, the state’s largest deliberate blackout ever, as the bankrupt utility tries to keep its equipment from igniting wildfires during the strongest wind storm in …
As wildfires rage and utilities race to restore power, the worst may be yet to come for California residents. PG&E Corp. has restored power to about 165,000 customers in portions of 18 counties, or about 93% of those affected, the …
More than half a million people have lost power across California as part of a deliberate blackout designed to keep power lines from igniting wildfires. Meanwhile, a major blaze has already erupted. PG&E Corp. and other utilities have cut service …
California utility giant PG&E Corp. expanded the biggest blackout that has ever been orchestrated to prevent wildfires with a second round of shutoffs in the Sierra Nevada foothills. The company told reporters late Wednesday that it had begun the second …
California utilities are warning that they may shut off electricity to thousands of customers across the state as hot, dry and windy weather raises the risk of another catastrophic wildfire sparked by a power line. PG&E Corp., forced into bankruptcy …
California utility giant PG&E Corp. has issued its long-awaited plan for emerging from the largest utility bankruptcy in U.S. history: Raise debt, offer equity and cap the wildfire liabilities that led to its collapse at $18 billion – less than …
