California Wildfires News

PG&E’s Bankruptcy Plan Wins Support from California Wildfire Victims

_ Pacific Gas & Electric’s plan for getting out of bankruptcy has won overwhelming support from the victims of deadly Northern California wildfires ignited by the utility’s fraying electrical grid, despite concerns that they will be shortchanged by a $13.5 …

PG&E Purging Most of Board in Fallout From Bankruptcy, California Wildfires

PG&E Corp. will sweep out three quarters of its board of directors to start with a mostly clean slate when it emerges from a bankruptcy case triggered by deadly wildfires ignited in Northern California by the utility’s neglected electrical grid. …

PG&E’s Bankruptcy Plan Heads Toward Approval in California

California regulators are being advised to approve Pacific Gas & Electric’s plan to emerge from bankruptcy with new controls designed to prevent a recurrence of the utility’s past bad behavior that has resulted in deadly wildfires, infuriating blackouts and high …

PG&E’s Plan to Pay $19M from California Wildfire Victims Fund OK’d

The Northern California victims of catastrophic wildfires caused by Pacific Gas & Electric’s decaying electrical grid will have at least $19 million siphoned way from a $13.5 billion fund for their losses to cover administrative costs. A bankruptcy judge said …

Market Tumult Threatens PG&E Deal with California Wildfire Victims

Lawyers who negotiated a crucial $13.5 billion deal for the victims of deadly wildfires caused by Pacific Gas & Electric equipment are expressing serious doubts about whether the nation’s largest utility will be able to pay the full amount as …

Regulators Mull Reversing $462M Increase in PG&E’s California Wildfire Fines

California power regulators are weighing a recommendation to back off plans to fine Pacific Gas and Electric an additional $462 million for igniting a series of Northern California 2018 deadly wildfires rather than risk that the harsher punishment will scuttle …

PG&E to Use California Wildfire Victims Fund to Pay for Past Crimes

Pacific Gas & Electric is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can’t pay for its crimes in a deadly Northern California wildfire by taking money away from a fund set up to …

PG&E Will Plead Guilty to Involuntary Manslaughter in California Wildfire

Pacific Gas & Electric said it will plead guilty to 84 counts of involuntary manslaughter in connection with the 2018 fire in Northern California that killed 84 people and decimated three towns. The utility said in a statement will also …

PG&E Approved by Judge for $23B Bankruptcy Financing Package

Power producer PG&E Corp. said on Monday that it won bankruptcy court approval to use up to $23 billion in financing after California Gov. Gavin Newsom dropped his opposition to those financing commitments. The U.S. bankruptcy court of Northern California …

PG&E Has Settled One Battle Involving California Wildfire Fund

Pacific Gas & Electric told a federal bankruptcy judge that it has settled a dispute with disaster-relief agencies that threatened to siphon money away from a $13.5 billion fund earmarked for victims of catastrophic wildfires in California caused by the …