Tag Archives: PG&E

UPDATE 4-U.S. judge defers ruling on PG&E $350 mln bonus plan

UPDATE 4-U.S. judge defers ruling on PG&E $  350 mln bonus planA U.S. bankruptcy judge on Tuesday deferred a ruling on whether to approve a PG&E Corp plan to pay up to $ 350 million in bonuses to 10,000 employees, saying he wants more details from the California power producer that is facing bankruptcy following last year’s wildfires. Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco set April 23 as the next date for a hearing on the plan, saying he wants PG&E to give him a “tutorial” on it. The plan covers 2019 and takes the place of a previously proposed 2018 bonus program that the California power provider scuttled after criticism from wildfire victims and their lawyers.



Yahoo News – Latest News & Headlines

PG&E: Company equipment 'probable' cause of California fire

PG&E: Company equipment 'probable' cause of California fireSAN FRANCISCO (AP) — Pacific Gas & Electric Corp. inched closer to taking responsibility for the deadliest U.S. wildfire in a century, saying Thursday it is "probable" that one of its transmission lines sparked the blaze last year that killed 86 people and destroyed most of the city of Paradise.



Yahoo News – Latest News & Headlines

PG&E likely started the Camp Fire and expects a $10.5B impact to its bottom line, it tells regulators

PG&E likely started the Camp Fire and expects a $  10.5B impact to its bottom line, it tells regulatorsAmid PG&E's bankruptcy, the company notified investors that the evidence points to its transmission equipment, In a regulatory filing.



Yahoo News – Latest News & Headlines

PG&E files for bankruptcy amid California wildfire lawsuits, citing billions in claims

PG&E files for bankruptcy amid California wildfire lawsuits, citing billions in claimsThe utility filed bankruptcy documents despite investigators determining last week that its equipment was not to blame for a 2017 fire that killed 22.



Yahoo News – Latest News & Headlines

The Latest: PG&E objects to judge's proposals on fire risk

The Latest: PG&E objects to judge's proposals on fire riskSAN FRANCISCO (AP) — The Latest on proposals by a U.S. judge aimed at preventing Pacific Gas & Electric Co. equipment from causing any wildfires in 2019 (all times local):



Yahoo News – Latest News & Headlines

PG&E plans to file for Chapter 11 bankruptcy as Camp Fire investigation continues

PG&E plans to file for Chapter 11 bankruptcy as Camp Fire investigation continuesPacific Gas & Electric plans to enter bankruptcy as investigators continue to look into the utility's possible involvement in causing the Camp Fire.



Yahoo News – Latest News & Headlines

PG&E, utility tied to California wildfires, to file for bankruptcy

PG&E, utility tied to California wildfires, to file for bankruptcyPacific Gas and Electric, the utility company that has been tied to deadly wildfires in California, said Monday it plans to file for bankruptcy protection at the end of the month. The San Francisco-based company said its decision to reorganize under Chapter 11 is linked to more than $ 30 billion in claims it is facing over the so-called 2018 Camp Fire in Northern California — the deadliest in the state’s modern history — that left 86 people dead. The utility has also been sued over blazes in 2017 that devastated the wine region in Northern California and left more than 40 people dead.



Yahoo News – Latest News & Headlines

PG&E ex-CEO receives $2.5 million in severance as company announces plans for bankruptcy

PG&E ex-CEO receives $  2.5 million in severance as company announces plans for bankruptcyThe ex-PG&E CEO resigned Sunday ahead of the utility's impending bankruptcy due to potential liability for its role in recent California wildfires.



Yahoo News – Latest News & Headlines

The Latest: Drastic changes mulled over PG&E safety concerns

The Latest: Drastic changes mulled over PG&E safety concernsSACRAMENTO, Calif. (AP) — The Latest on California regulators considering splitting up Pacific Gas & Electric (all times local):



Yahoo News – Latest News & Headlines

The Latest: PG&E gives timeline for restoring services

The Latest: PG&E gives timeline for restoring servicesPARADISE, Calif. (AP) — The Latest on some residents being allowed to return to Paradise, California, after the devastating wildfire. (all times local):



Yahoo News – Latest News & Headlines