Mass power shutoffs by PG&E Corp. left more than 2.7 million Californians in the dark Sunday, the state’s largest deliberate blackout ever, as the bankrupt utility tries to keep its equipment from igniting wildfires during the strongest wind storm in …
Since an unprecedented blackout plunged millions of Californians into darkness last week, residents and state officials have questioned how utility giant PG&E Corp. came to the decision to cut the lights. Now they have some answers. In a report filed …
Noteholders of PG&E Corp. and a committee for victims of the wildfires that pushed the power producer into bankruptcy filed a formal reorganization plan on Thursday for the company, proposing they get effectively all of its new shares. The plan, …
California utilities are warning that they may shut off electricity to thousands of customers across the state as hot, dry and windy weather raises the risk of another catastrophic wildfire sparked by a power line. PG&E Corp., forced into bankruptcy …
PG&E Corp. and a group of insurers urged a judge to reject a competing reorganization plan for the bankrupt utility because the proposal would pay fire victims who lost their homes ahead of insurance companies and “unjustly enrich” bondholders including …
A federal judge has allowed PG&E Corp. to retain the sole rights to propose a plan to exit bankruptcy, as he rejected efforts by investors to put forward competing plans, according to court documents. Judge Dennis Montali of the U.S. …
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 …
