Attorney: PG&E Wants Trust Fund For Wildfire Lawsuits
An attorney for Pacific Gas & Electric Corp. says its goal in its bankruptcy case is to establish a trust fund to resolve all lawsuits from wildfire victims.
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An attorney for Pacific Gas & Electric Corp. says its goal in its bankruptcy case is to establish a trust fund to resolve all lawsuits from wildfire victims.
Butte County cites PG&E for the same Nov. 8 fire that destroyed parks, schools and myriad other public property and amenities.
PG&E and other electric utility companies operating in California may need to move their transmission lines and equipment out of fire zones or put the lines underground if a new state bill becomes law.
Pacific Gas & Electric Co. will be back in a U.S. courtroom a day after declaring bankruptcy, as it tries to convince a judge not to order dramatic steps to try to prevent its equipment from causing more wildfires.
PG&E, which is worth $71 billion, is trying to protect itself from as much as $60 billion in lawsuits from the Nov. 8 Camp Fire in Butte County.
PG&E filed for bankruptcy reorganization Tuesday in a bid to relieve itself of some of the billions of dollars in damages it could face as a result of California's devastating wildfires.
The California Public Utilities Commission approved the loans in an emergency meeting, one senator calling it the "easy way out."
The Pacific Gas and Electric board of directors voted late Monday evening to file for Chapter 11 bankruptcy protection.
California utility regulators on Monday removed a major hurdle to a planned bankruptcy filing by Pacific Gas & Electric Corp. at a raucous, last-minute meeting where protesters repeatedly denounced and spoke over members of the panel.
After thousands of hours in a year-long investigation, Cal Fire finds the cause that sparked the deadly wildfire.
U.S. prosecutors are urging a federal judge to work with a court-appointed monitor to determine ways Pacific Gas & Electric Co. can prevent its equipment from starting more wildfires.
Brockovich rallied with wildfire victims at the State Capitol Tuesday afternoon, asking the governor and legislature to "keep Pacific Gas & Electric accountable to these victims."
A federal judge is blaming PG&E's uninsulated power conductors for the deadly California wildfires over the last two years.
Butte County's lawsuit filed Tuesday comes a day after the utility said it is filing for bankruptcy.
Filing for Chapter 11 bankruptcy will allow the company to hold off creditors and keep providing electricity and natural gas service while it gets its finances in order.
Pacific Gas and Electric, facing billions of dollars in claims over the deadly 2018 Camp Fire, is headed to bankruptcy court.
PG&E is searching for a new CEO after Geisha Williams stepped down from her position, the company announced on Sunday.
More signs PG&E could be inching closer to bankruptcy.
A federal judge in San Francisco on Wednesday tentatively ordered PG&E to inspect its entire electrical service area.
California's largest power company is getting battered in midday trading on reports that it's considering bankruptcy protection in the face of potentially crippling liability damages from a spate of wildfires.
Pitch black. That's what thousands are dealing with as more a hundred thousand people in the Sacramento area are without power.
The parent company of California's largest utility is assessing its finances and structure in the wake of wildfires blamed on its equipment that could cost it billions of dollars in liability.
The lawsuits filed by Allstate, State Farm, USAA and their subsidiaries come on top of several other cases filed by victims of the Camp Fire, which devastated the towns of Paradise, Magalia and Concow north of Sacramento after it started Nov. 8.
PG&E says several of its employees reported seeing flames soon after the deadly Camp Fire sparked in Butte County.
PG&E's role in igniting wildfires last year could allow a judge to find that it violated terms of its criminal sentence in a 2010 gas pipeline explosion that killed eight people, federal prosecutors said Monday.
