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...
PG&E Attacks Plan for Paying California Wildfire Victims Before Insurers September 23, 2019 By Steven Church PG&E Corp. and a group of insurers urged a judge to reject a competing reorganization plan for the bankrupt utility...
Court Says PG&E Has Sole Right to Submit Bankruptcy Plan August 19, 2019 By Nivedita Balu A federal judge has allowed PG&E Corp. to retain the sole rights to propose a plan to exit bankruptcy, as...
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 Settles for $1B with Local Governments for California Fire Claims June 19, 2019 By Jim Christie PG&E Corp. will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in...
PG&E Restructuring Plan Upped to $45B by Creditors May 31, 2019 By Scott Deveau and Katherine Doherty A group of PG&E Corp. creditors could preempt the embattled California utility’s own attempt to claw its way out of...