Bill To Help PG&E Pay Wildfire Claims Stalls
A bill to let a troubled California utility borrow money against its future profits to pay victims of wildfires started by its equipment will not pass this year.
Watch CBS News
A bill to let a troubled California utility borrow money against its future profits to pay victims of wildfires started by its equipment will not pass this year.
Pacific Gas & Electric is facing up to $30 billion in potential damages from lawsuits stemming from recent wildfires, including one last year that killed 86 people and destroyed much of the town of Paradise.
A judge presiding over Pacific Gas and Electric's bankruptcy case agreed Friday to allow a state jury to decide whether the power company's equipment ignited a devastating wildfire in California wine country nearly two years ago.
The fund will cover victims of a series of fires including the Atlas, Camp, Nuns and Tubbs fires. The deadline to apply for the funds is November 15.
California's three investor-owned electric utilities have agreed to chip in a combined $10.5 billion to a new fund to cover the costs of future catastrophic wildfires caused by power company equipment.
Insurance companies that say PG&E owes them more than $20 billion from wildfire claims wants to take over the California utility and pull it out of bankruptcy.
California's governor has signed a law that creates a fund of up to $21 billion to pay victims of the state's devastating wildfires.
Governor Gavin Newsom is expected to OK sweeping legislation meant to shore up the state's electric utilities in the face of devastating wildfires.
Pacific Gas and Electric admits it needs to do more to prevent another devastating wildfire, but it disagrees with a new report.
PG&E is using new equipment to measure wildfire risks across the state.
Pacific Gas & Electric's key lenders have offered a $30 billion plan to pull the utility out of bankruptcy -- and give the tarnished company a new name.
Gov. Gavin Newsom is willing to throw a financial lifeline to the state's major utilities dealing with the results of disastrous wildfires - but only if they agree to concessions including tying executive compensation to safety performance.
Pacific Gas & Electric Corp. officials said Wednesday its workers discovered more than 1,000 high-priority safety risks on its transmission lines and distribution poles over several months of inspections and almost all of them have been fixed.
PG&E settlement money to be used to help rebuild towns.
PG&E will pay more than a half-billion dollars to cover municipal claims related to last year's Camp Fire.
PG&E will pay Nevada County, Yuba County and seven other counties and cities 415 million dollars for losses caused by the North Bay Wildfires in October 2017, including the Cascade, Lobo and McCourtney Fires.
About 500 firefighters are battling a wildfire that erupted in Northern California Saturday afternoon and spread quickly across brush-covered hills.
The year's fire danger warning in Northern California is putting Pacific Gas & Electric on alert.
Top officials with the utility behind the deadliest U.S. wildfire in at least a century quietly toured the burned remains of a Northern California town Friday.
By the end of 2019, PG&E plans to have 600 weather stations and 100 high-definition cameras in high fire-threat areas.
California regulators on Thursday approved allowing utilities to cut off electricity to possibly hundreds of thousands of customers to avoid catastrophic wildfires like the one sparked by power lines last year that killed 85 people and largely destroyed the city of Paradise.
A California commission set up to study wildfire issues recommended Wednesday that the state change a liability standard imperiling major utilities, but Democratic leaders immediately said they won't tackle the hot-button topic for now.
According to the PG&E website, approximately 1,864 customers were affected by the outage that started just before 5 p.m.
PG&E wants to raise its rates and the California Public Utility Commission will hold public forums to give customers a chance to give their input.
Manteca isn't considered at high risk of burning down in a wildfire, but if the weather gets hot and dry enough in the Central Valley or Sierra Foothills, Pacific Gas and Electric Company could temporarily shut off power to the city and its more than 80,000 residents.
