Victims of the second-most destructive fire in California history will get a chance to try and persuade a jury that PG&E Corp. should pay them as much as $18 billion in damages. U.S. Bankruptcy Judge Dennis Montali on Friday lifted …
PG&E Corp.’s court-appointed compliance monitor concluded the utility isn’t trimming trees that pose wildfire threats in high-risk areas of California and didn’t train its contractors properly. The monitor, Mark Filip, on Wednesday wrote to U.S. District Judge William Alsup, saying …
PG&E Corp. reported a $2.6 billion loss for the second quarter as costs from devastating wildfires in 2017 and 2018 and the California utility’s giant’s ongoing bankruptcy wiped out earnings. The loss included a $3.9 billion pre-tax charge for estimated …
All three of California’s investor-owned utilities have now signed off on the creation of a $21 billion wildfire fund that any one of them could tap the next time a power line sparks a catastrophic blaze. PG&E Corp., which was …
PG&E Corp. is lobbying California legislators to allow it to issue tax-exempt bonds to help pay for past and future wildfire claims, according to people familiar with the matter. The bankrupt utility is pushing lawmakers to introduce the legislation next …
Utility giants PG&E Corp. and Edison International are one step closer to getting California’s help in covering the costs of increasingly catastrophic wildfires that their equipment keeps igniting. The state Senate passed a bill late Monday that would create a …
PG&E Corp. is lobbying for legislation that would allow the bankrupt California utility giant to securitize some of its profits to pay for past wildfire liabilities, people familiar with the matter said. PG&E was pressing California Governor Gavin Newsom and …
California Gov. Gavin Newsom is pressing lawmakers on a wildfire fund that may be financed through bonds to help utilities pay for the catastrophic blazes their power lines keep igniting, according to people familiar with the proposal. Newsom is proposing …
A plan by California’s biggest utility to cut power on high-wind days during the onrushing wildfire season could plunge millions of residents into darkness. And the vast majority isn’t ready for it. The plan by PG&E Corp. comes after the …
California is just one month away from the official start of wildfire season and bankrupt utility giant PG&E Corp. is running behind on inspections, repairs and tree-trimming that was ordered up to reduce the risk of another devastating blaze. PG&E, …
