PG&E Clears Another Bankruptcy Hurdle With Debt Refinancing
A federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy.
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A federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy.
PG&E said it is "firmly convinced" a government takeover won't work.
PG&E is pledging to overhaul its board of directors in an attempt to avoid a potential takeover by the state of California and prove the nation's largest utility is turning over a new leaf as it works through its second bankruptcy in less than 20 years.
Some homeowners are concerned after learning PG&E is injecting chemicals into trees on private properties in an effort to stunt tree growth under power lines.
A bill holding PG&E accountable for mass blackouts and the impacts they bring is headed to the Senate floor after passing out of the appropriations committee with a 4-2 vote on Thursday.
Californians left in the dark by electric companies that shut off their power to prevent wildfires could get paid for things such as lost wages or spoiled food.
California Gov. Gavin Newsom is urging a federal judge to reject Pacific Gas and Electric's blueprint for getting out of bankruptcy and renewing his threat to lead a bid to turn the beleaguered utility into a government-run operation.
A state lawmaker is demanding an extensive review of the CPUC to determine whether regulators' lax oversight enabled neglect at PG&E that triggered catastrophic wildfires.
A wine country county is exploring plans to sue a utility over a massive wildfire last fall that combined with rolling power shutoffs caused losses of $725 million.
Tensions between the U.S. government and Pacific Gas & Electric are boiling over as the two sides battle over whether a taxpayer-funded agency should be allowed to stake a claim on a $13.5 billion settlement covering most of the losses from catastrophic wildfires blamed on the bankrupt utility.
When the nation's largest electric utility preemptively shut off power last fall to prevent wildfires in California, customers lost more than just their lights — some lost their phones, too.
A financial tug-of-war is emerging over the $13.5 billion that the nation's largest utility has agreed to pay to victims of recent California wildfires, as government agencies jockey for more than half the money to cover the costs of their response to the catastrophes.
The deadline to file a fire claim against PG&E is Tuesday at 5 p.m.
Even as PG&E assured regulators it was fixing the problems, the utility kept making many of the same mistakes, further undermining trust after its outdated equipment and negligence has been blamed for fires that killed nearly 130 people during 2017 and 2018.
Pacific Gas and Electric has reworked a $13.5 billion settlement with victims of deadly wildfires blamed on the utility to try to prevent it from unraveling after California Gov. Gavin Newsom rejected the company's financial rehabilitation plan.
Pacific Gas & Electric Co. will have to quickly overhaul a complex plan addressing more than $50 billion in wildfire claims to gain California Gov. Gavin Newsom's support in time to meet a make-or-break deadline for getting out of bankruptcy.
Gov. Gavin Newsom's opposition to Pacific Gas & Electric's restructuring plan just a week after it struck a $13.5 billion settlement with fire victims is forcing the nation's largest utility to go back to the negotiating table and come up with a solution fairly quickly.
Gov. Gavin Newsom has rejected a $13.5 billion settlement that Pacific Gas and Electric struck just last week with thousands of people who lost homes, businesses and family members in a series of devastating fires that drove the nation's largest utility into bankruptcy.
Pacific Gas and Electric will be able to avoid two legal obstacles that could have tripped up its efforts to bounce back from bankruptcy if California Gov. Gavin Newsom and a federal judge approve a $13.5 billion settlement with victims of catastrophic fires blamed on the utility's equipment.
Pacific Gas and Electric says it has reached a $13.5 billion settlement that will resolve all major claims related to devastating wildfires blamed on its outdated equipment and negligence.
A multi-billion-dollar liability due to devastating wildfires plunged utility giant Pacific Gas and Electric into bankruptcy.
The Placer County Board of Supervisors listened to residents and approved a measure to suspend permit fees for the connection of portable and permanent generators.
Pacific Gas & Electric on Wednesday urged a federal bankruptcy judge to approve a key insurance settlement as it struggles to regain its financial footing and cover at least $20 billion in losses stemming from catastrophic wildfires in California tied to its equipment.
Inspections and maintenance of a California utility's transmission-line towers were inadequate for years, and that helped lead to an equipment failure that ignited the state's deadliest wildfire, state investigators say in a recent report.
The tool, which is being tested by PG&E, detects variations in electrical currents caused by deteriorating conditions or equipment and notifies utility operators so they can send a crew to fix the problems, the developer said.
