PG&E Shares Hammered As Potential Liabilities From Wildfires Mount
San Francisco-based PG&E, California's largest power company, is getting battered in midday trading on reports that it's considering bankruptcy protection.
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San Francisco-based PG&E, California's largest power company, is getting battered in midday trading on reports that it's considering bankruptcy protection.
The parent company of California's largest utility is assessing its finances and structure in the wake of wildfires that could expose it to billions of dollars in liability.
Federal prosecutors say a California utility's role in igniting wildfires last year could allow a judge to find that it violated terms of its criminal conviction in a deadly gas pipeline explosion.
PG&E could face criminal charges as serious as manslaughter or murder in the wake of the deadly Camp Fire.
A transformer exploded in Hayward on Wednesday night, injuring a PG&E employee who was working on nearby power lines, police and utility officials said.
The utility blamed for almost a dozen California wildfires is giving a big gift to Marin County Fire Department. PG&E has paid for a network of new fire-surveillance cameras to go up on the county's peaks.
California regulators said Friday they are considering drastic measures for Pacific Gas & Electric Co., including breaking up the utility over its role in recent gas explosions and wildfires.
Pacific Gas & Electric said Wednesday that it has restored power to the last of around 10,000 residents of Paradise and the surrounding area, who lost electricity when the devastating Camp Fire ravaged Butte County on Nov. 8.
Three employees of a San Leandro construction company were fired Saturday for posting insensitive photos on social media from the wreckage left behind in Paradise by the deadly Camp Fire.
Regulators are accusing one of California's largest utilities of falsifying safety documents on natural gas pipelines over a five-year period.
Pacific Gas & Electric Company is seeking permission from the California Public Utilities Commission to increase its customers' electricity and gas bills.
Bay Area activists and environmental groups gathered Tuesday in San Francisco to demand that PG&E be held responsible for their role in the deadly Camp Fire in Butte County last month.
Dozens of protesters showed up at a meeting of the California Public Utilities Commission is San Francisco Thursday, demanding action against Pacific Gas and Electric over its role in the catastrophic Camp Fire, including breaking up the utility.
A U.S. judge overseeing a criminal case against Pacific Gas & Electric Co. asked the utility Tuesday to explain any role it may have played in the massive Camp Fire.
Authorities in Butte County announced Wednesday evening that two more sets of human remains have been found, bringing death toll from the Camp Fire to 83.
PG&E crews have restored power in Contra Costa County late Wednesday morning after an outage that at one point was affecting about 19,000 customers, according to utility officials.
PG&E and other utilities companies could be protected from possible bankruptcy by a measure being introduced in California's legislature.
A transmission line that utility Pacific Gas & Electric Company says malfunctioned minutes before the deadly Camp Fire in Butte County was supported by steel towers that toppled over in a fierce 2012 storm.
Almost 600 PG&E customers in Calistoga were without power tonight after a vehicle struck and damaged a utility pole along Silverado Trail and Dunaweal Lane Sunday evening.
PG&E waited more than a week before relaying crucial information to state regulators about a second electrical incident in the early-morning hours of Nov. 8, less than an hour after the Camp Fire was first reported.
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 in Northern California.
A new phase is opening in the investigation into PG&E's safety culture, the president of the California Public Utilities Commission said in a statement Thursday.
Shares of California electric utility PG&E plunged again Thursday to their lowest level in more than 15 years as concerns mount about potential liabilities tied to the massive Camp Fire.
PG&E's stock lost more than 20 percent of its value Wednesday after the utility said it does not have nearly enough insurance coverage if it is found liable for a Northern California wildfire that has left at least 48 people dead and destroyed about 7,700 homes.
A group of Bay Area lawyers filed a lawsuit Tuesday in San Francisco Superior Court against PG&E on behalf of several victims of the deadly Camp Fire in Butte County which has killed 48 people.
