PG&E Unlikely To Go Bankrupt Because Of Wildfires
Shares of California electric company PG&E soared Friday on new hopes that the company won't have to go bankrupt if it is found to be liable for the massive Camp Fire.
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Shares of California electric company PG&E soared Friday on new hopes that the company won't have to go bankrupt if it is found to be liable for the massive Camp Fire.
While the cause of the Camp Fire remains under investigation, PG&E stock took a huge hit Wednesday on Wall Street.
If California electric utility PG&E is responsible for California's wildfires, it may not be able to afford the payouts it would owe.
People who lost homes in California's deadliest and most destructive wildfire sued Pacific Gas & Electric Co. Tuesday, accusing the utility of negligence and blaming it for the fire.
It's still not clear what caused the massive fire that started Thursday, killing at least 29 people and destroying the town of Paradise.
PG&E has been at fault for several deadly wildfires across the state, and now the company may also be to blame for the Camp Fire.
PG&E will not pre-emptively shut off power in eight counties Thursday due to high fire danger.
High fire danger in northern California has prompted PG&E to notify about 70,000 customers about possible outages. In a statement Thursday, it says it may proactively turn off power in order to avoid the threat of wildfires from sparking power lines.
Managers are worried they may have to go dark again if PG&E cuts power again on Thursday morning.
The California Public Utilities Commission announced the fine over a 2017 gas pipeline explosion that leveled a Yuba City home and sent two people to the hospital.
After some residents were left without power for roughly 48 hours, many are questioning the rationale behind PG&E's decision to intentionally cut power to customers.
Customers have complained about oxygen tanks shutting down, generators selling out, and food spoiling. PG&E says it doesn't plan to reimburse customers for their losses.
PG&E cut the electricity to customers in the Sierra foothills and across 12 counties over fears that high winds could fuel a firestorm.
Connie Fender says a PG&E representative called to tell her what to expect, 15 minutes prior to the lights going out.
As of 10 p.m. Sunday, the power was still on for customers in Colfax and part of Placer County, but they remained on standby just in case.
The utility announced the decision to proactively turn off power Saturday night and began the shutoffs Sunday evening.
Due to the high fire dangers, PG&E may shut off power in parts of 12 counties including, Yuba, Sierra, Placer, Nevada, El Dorado, Amador, Plumas, and Calaveras.
Advocates with the "Save The American River Parkway" are fighting to protect about 100 sycamore and oak trees along a popular Discovery Park recreation area.
Gov. Jerry Brown has signed a measure allowing utilities to bill their customers to pay for future legal settlements stemming from devastating 2017 wildfires.
The proposal would lessen PG&E's liability over damages if the utility "acted reasonably," and not allow victims to seek restitution.
The Pacific Gas and Electric employee sustained fatal injuries in a vehicle-related accident Saturday on the western edge of the Carr Fire in Shasta County.
PG&E confirms an employee has been killed while working in the vicinity of the Carr Fire.
Almost a year after the devastating October wildfires, California lawmakers held the first of many hearings Wednesday, to see who foots the bill for billions of dollars in wildfire damages.
With state investigators blaming PG&E power lines for last year's series of deadly wildfires, the utility now says it'll cut power during extreme weather using a map the Public Utilities Commission approved noting extreme fire threat areas.
Power lines shut down per CAL FIRE request due to Stoll and Lane fires in Tehama County. It's not known when power will be restored.
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Casey Schmitt hit two home runs and drove in three, Trevor McDonald struck out five in 6 2/3 innings, and the San Francisco Giants beat the Athletics 6-4.
"Survivor" 48 and 50 contestant Joe Hunter believes his sister Joanna, whose death was ruled a suicide, was murdered. He and their mother are working to be Joanna's voice and advocate for others who have experienced domestic violence.
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California Gov. Gavin Newsom unveiled his final budget proposal Thursday.
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President Trump announced Friday evening that U.S. and Nigerian military forces had killed Abu-Bilal al-Minuki, a leader in the Islamic State group.
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The Supreme Court on Friday rejected a bid by Virginia Democrats to revive its new voter-approved congressional map that was drawn to advantage the party for the upcoming midterm elections.
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