PG&E in California Wants to Securitize Some Profits to Cover Wildfire Costs July 1, 2019 By Scott Deveau and Mark Chediak PG&E Corp. is lobbying for legislation that would allow the bankrupt California utility giant to securitize some of its profits...
California Governor Wants Wildfire Fund to Help Utilities June 21, 2019 By Mark Chediak and Romy Varghese California Gov. Gavin Newsom is pressing lawmakers on a wildfire fund that may be financed through bonds to help utilities...
California May Go Dark This Summer; Most Aren’t Ready May 13, 2019 By Mark Chediak and Brian Eckhouse A plan by California’s biggest utility to cut power on high-wind days during the onrushing wildfire season could plunge millions...
PG&E Behind on Tree Work in California a Month from Wildfire Season April 29, 2019 By Mark Chediak California is just one month away from the official start of wildfire season and bankrupt utility giant PG&E Corp. is...
California’s Governor Proposes Wildfire Fund, Seeks PG&E Fix April 14, 2019 By Mark Chediak and Michael B. Marois California Gov. Gavin Newsom gave legislators just three months to address a multibillion-dollar wildfire liability problem that has forced the...
PG&E Could Kill Lights to Customers When California Wildfires Occur February 7, 2019 By Mark Chediak Anyone who gets power from PG&E Corp. could see their lights go out this fire season. Even the millions of...
A Look at PG&E’s Rapid Fall After California Wildfires January 30, 2019 By Mark Chediak On an unusually warm day in northern California, hot and dry winds whipped through the Sierra Nevada foothills northeast of...
PG&E: Judge’s Aggressive Fire Prevention Plan Would Cost $150B January 24, 2019 By Joel Rosenblatt and Mark Chediak PG&E Corp. estimates it would cost as much as $150 billion this year alone to comply with a federal judge’s...
PG&E Bankruptcy Looms With $30B in Potential Liabilities from California Wildfires; CEO to Exit January 14, 2019 By Mark Chediak and Kiel Porter PG&E Corp. said it will file for bankruptcy in California after the cost of wildfires left it with potential liabilities...
California Utility’s Bankruptcy Talk Sets Stage for Showdown with State January 7, 2019 By Mark Chediak and Margot Habiby In weighing a bankruptcy, power giant PG&E Corp. may be firing a warning shot to California lawmakers: Help us or...