Thousands of Californians Face Power Shutoffs Due to Wildfire Risk September 24, 2019 By David R. Baker and Mark Chediak California utilities are warning that they may shut off electricity to thousands of customers across the state as hot, dry...
Outrage over PG&E’s Plan to Cap California Wildfire Liabilities at $18B September 10, 2019 By Steven Church and Mark Chediak California utility giant PG&E Corp. has issued its long-awaited plan for emerging from the largest utility bankruptcy in U.S. history:...
PG&E Will Face Jury Over Billions in Damages from Massive California Wildfire August 20, 2019 By Mark Chediak Victims of the second-most destructive fire in California history will get a chance to try and persuade a jury that...
Outside Inspectors Find Tree Hazards That PG&E Contractors Overlooked August 16, 2019 By Joel Rosenblat and Mark Chediak 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...
PG&E Posts $2.6B Loss Stemming From California Wildfires, Bankruptcy August 9, 2019 By Mark Chediak PG&E Corp. reported a $2.6 billion loss for the second quarter as costs from devastating wildfires in 2017 and 2018...
Utilities Want in on California Wildfire Insurance Fund, But Others Will Decide July 26, 2019 By Mark Chediak All three of California’s investor-owned utilities have now signed off on the creation of a $21 billion wildfire fund that...
PG&E Pushes for Tax-Exempt Bond Bill for Fire Claims July 12, 2019 By Scott Deveau, Mark Chediak and Jeffrey Taylor PG&E Corp. is lobbying California legislators to allow it to issue tax-exempt bonds to help pay for past and future...
California Wildfire ‘Bailout’ for PG&E, Edison Clears Hurdle July 10, 2019 By Mark Chediak and Jeffrey Taylor Utility giants PG&E Corp. and Edison International are one step closer to getting California’s help in covering the costs of...
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...