PG&E Finds Fire Insurance Tough to Get and Costly After Bankruptcy, Fires July 31, 2020 By Mark Chediak PG&E Corp. is finding it very costly to buy fire insurance after wildfires triggered by its power lines sent the...
California Approves PG&E Bankruptcy Plan With Oversight, Safety Conditions May 29, 2020 By Mark Chediak California regulators approved PG&E Corp.’s $58 billion reorganization plan, bringing the power giant another step closer to exiting the biggest...
Why Utilities Are Turning to Bond Market to Pay for Natural Disaster Losses February 11, 2020 By Will Wade and Mark Chediak Fires and floods are sending some of the nation’s largest utilities to the bond market to cover huge, unexpected bills....
Judge Presses PG&E on How It Will Protect Wildfire Victims’ Funds Given FEMA Demand January 17, 2020 By Steven Church PG&E Corp. needs to explain how it will keep a promise to pay fire victims $13.5 billion in the face...
PG&E Creditors Sweet Offer to California Wildfire Victims With $13.5 Billion Upfront December 22, 2019 By Kanishka Singh PG&E Corp.’s creditors have sweetened their offer to California wildfire victims, saying they are now prepared to pay $13.5 billion...
PG&E, Gov. Newsom Split Over State Takeover Authority December 19, 2019 By Scott Deveau and Mark Chediak A clause that would allow California to take over bankrupt utility giant PG&E Corp. under certain circumstances has emerged as...
Bankruptcy Judge Approves $13.5B PG&E Deal with California Wildfire Victims December 18, 2019 By Tom Hals A U.S. bankruptcy judge approved on Tuesday PG&E Corp.’s $13.5 billion settlement with victims of Californian wildfires, and the company’s...
California Governor Rejects PG&E Bankruptcy Plan as Not Satisfying Wildfire Law December 15, 2019 By Tom Hals and Steve Gorman California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp, the state’s largest investor-owned utility,...
California Wildfire Victims in PG&E Bankruptcy See $13.5B in Claims October 8, 2019 By Jim Christie A lawyer for the committee representing wildfire victims in the bankruptcy of PG&E Corp said at a hearing on Monday...
Insurers Owed $20 Billion Offer Own Rescue Plan for PG&E in Bankruptcy Court July 25, 2019 Insurance companies that say Pacific Gas & Electric owes them more than $20 billion from wildfire claims wants to take...