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...
California May Go Dark This Summer; Most Aren’t Ready May 13, 2019 By Mark Chediak and Brian Eckhouse A plan by California’s biggest utility to cut power on high-wind days during the onrushing wildfire season could plunge millions...
PG&E Seeks Court Approval for $105M Fund to Aid California Wildfire Victims May 2, 2019 By Jim Christie PG&E Corp. is seeking court approval for a $105 million fund to help house victims of the wildfires blamed on...
PG&E Behind on Tree Work in California a Month from Wildfire Season April 29, 2019 By Mark Chediak California is just one month away from the official start of wildfire season and bankrupt utility giant PG&E Corp. is...
PG&E Can Pay Employees $350M to Meet Safety Goals After California Wildfires April 24, 2019 PG&E Corp. can pay employees up to $350 million in bonuses this year to spur them to help meet the...