PG&E in California Wants to Securitize Some Profits to Cover Wildfire Costs July 1, 2019 By Scott Deveau and Mark Chediak PG&E Corp. is lobbying for legislation that would allow the bankrupt California utility giant to securitize some of its profits...
PG&E Power Line Blamed for Sparking Small California Wildfire June 28, 2019 A downed Pacific Gas & Electric power line is blamed for sparking a wildfire in eastern Monterey County, Calif. this...
Bondholders Propose Bankruptcy Exit Plan Up to $30B for PG&E June 26, 2019 By Jonathan Stempel A committee of bondholders of PG&E Corp.’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up...
California Governor Wants Wildfire Fund to Help Utilities June 21, 2019 By Mark Chediak and Romy Varghese California Gov. Gavin Newsom is pressing lawmakers on a wildfire fund that may be financed through bonds to help utilities...
How PG&E’s $1B to Local Governments for Wildfire Damage Will be Paid June 20, 2019 By Adam Beam A California utility agreed Tuesday to pay $1 billion to 14 local governments to cover damages from a series of...
PG&E in California Proactively Cuts Power Because of Weather June 10, 2019 Pacific Gas & Electric implemented a controversial practice of cutting power to selected portions of Northern California on Saturday to...
California Utility Regulator OKs PG&E’s Wildfire Mitigation Plan May 30, 2019 A Wildfire Mitigation Plan submitted by Pacific Gas & Electric Corp. was approved by the California Public Utilities Commission on...
Investigators Blame PG&E Lines for Deadliest Wildfire in California History May 15, 2019 By Steve Gorman State fire investigators have determined that transmission lines owned by Pacific Gas & Electric Co caused the deadliest and most...
$10B Fund for California Fire Costs May Dry Up by 2030 May 10, 2019 California has for months been weighing the idea of a fund that utilities could dip into when facing crippling costs...
Judge Tells PG&E’s Board to Tour Wildfire-Ravaged California Town May 8, 2019 A federal judge has ordered board members of Pacific Gas & Electric to tour the Northern California town of Paradise,...