PG&E Corp. shares plunged Monday after a judge ruled that a jury can determine whether it should pay as much as $18 billion in damages to wildfire victims. The California utility giant fell as much 28%, to $10.22, at 9:35 …
People affected by wildfires in Northern California in 2017 and 2018 can soon file claims for housing assistance and other immediate needs with Pacific Gas & Electric Co. They can file their claims online through the website for the utility’s …
PG&E Corp. said in court papers on Wednesday that it “strongly disagrees” with a suggestion in a Wall Street Journal article that the company knowingly deferred maintenance on equipment that caused California’s Camp Fire, the deadliest and most destructive wildfire …
Two Pacific Gas & Electric customers want the federal judge overseeing the company’s bankruptcy to strike down a new California law that Gov. Gavin Newsom has championed as a way of shoring up the state’s major electric utilities in the …
PG&E Corp. was ordered by a federal judge overseeing its probation to respond to a Wall Street Journal story claiming the utility knew its power lines could cause wildfires and failed to perform upgrades. PG&E “must provide a fresh, forthright …
PG&E Corp. is lobbying for legislation that would allow the bankrupt California utility giant to securitize some of its profits to pay for past wildfire liabilities, people familiar with the matter said. PG&E was pressing California Governor Gavin Newsom and …
A downed Pacific Gas & Electric power line is blamed for sparking a wildfire in eastern Monterey County, Calif. this week. The California Department of Forestry and Fire Protection says the 2,456-acre blaze that erupted east of King City was …
A committee of bondholders of PG&E Corp.’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires. …
California Gov. Gavin Newsom is pressing lawmakers on a wildfire fund that may be financed through bonds to help utilities pay for the catastrophic blazes their power lines keep igniting, according to people familiar with the proposal. Newsom is proposing …
A California utility agreed Tuesday to pay $1 billion to 14 local governments to cover damages from a series of deadly wildfires caused by its downed power lines. The settlement is a sliver of the more than $30 billion in …
