A U.S. judge said on Tuesday that PG&E Corp. cannot resume dividends and must use the money to reduce wildfire risk in California, stopping short of more costly measures he proposed earlier this year. The new criminal probation terms for …
Pacific Gas & Electric Co. is pushing back on a U.S. judge’s revised proposals to prevent the utility’s equipment from causing more wildfires, saying it could not “monitor every tree at every moment of every day” to ensure they don’t …
The devastating Thomas Fire that killed two people and destroyed more than 1,000 structures northwest of Los Angeles in December 2017 was sparked by power lines owned by Southern California Edison Co , fire officials said on Wednesday. An investigation …
Shares of PG&E Corp fell about 3 percent after federal filings showed that the power utility had delayed a safety overhaul of a high-voltage transmission line, a prime suspect behind the deadliest wildfire in California history. The company filed for …
The nation’s largest utility is promising to overhaul its wildfire-prevention measures in response to growing legal, financial and public pressure over its role in starting some of the most destructive blazes in California history. In a regulatory filing Wednesday, Pacific …
Anyone who gets power from PG&E Corp. could see their lights go out this fire season. Even the millions of Californians who live outside risky areas could be left in the dark under a sweeping proposal the utility filed Wednesday. …
Some 1,000 lawsuits have been filed since late 2017 demanding Pacific Gas & Electric Corporation pay for damages caused by wildfires. The lawsuits represent thousands of people, companies, cities and counties affected by fires. They range from a rancher’s $3,000 …
Big corporations forced into bankruptcy by liability lawsuits often take the offending product off the market and try to move on. That’s what happened with the Dalkon Shield birth control device, asbestos and silicone breast implants. But when the nation’s …
Specialty companies specifically operating in the utility sector are likely to face substantial claims and losses stemming from the bankruptcy filing by PG&E Corp., the California utility whose equipment is being investigated as having a potential role in the recent …
Utility owner PG&E Corp. filed for bankruptcy protection on Tuesday in anticipation of liabilities from California wildfires, including a catastrophic 2018 blaze that killed 86 people. PG&E, which provides electricity and natural gas to 16 million customers in northern and …
