Tag Archives: PG&E

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.



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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.



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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):



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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):



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The Latest: PG&E line suspected in fire had issues in 2012

The Latest: PG&E line suspected in fire had issues in 2012CHICO, Calif. (AP) — The Latest on California's wildfires (all times local):



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PG&E Cash Sweep Sends Distress Sign to California Lawmakers

PG&E Cash Sweep Sends Distress Sign to California LawmakersThe state enacted a law earlier this year to help utilities cover costs of last year’s wildfires, including by selling bonds backed by customer bills. PG&E, owner of California’s largest utility, has lost more than $ 12 billion in market value, about half, since the deadliest wildfire in state history broke out Nov. 8. PG&E put its utility subsidiary through bankruptcy after the California power crisis of 2000-2001.



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Probe finds PG&E power lines sparked deadly 2017 California wildfires

Probe finds PG&E power lines sparked deadly 2017 California wildfiresBy Steve Gorman LOS ANGELES (Reuters) – A dozen of the wind-driven blazes that swept northern California’s wine country last fall, killing 46 people in the deadliest firestorm in state history, were sparked by PG&E-owned power lines, state officials said on Friday. The California Department of Forestry and Fire Protection, or CalFire, also said its investigators had found “evidence of alleged violations of state law” by Pacific Gas & Electric Company and referred those cases to county prosecutors for further review. PG&E issued a statement in response saying the company looked forward to reviewing the CalFire reports, adding, “We continue to believe our overall programs met our state’s high standards.” The findings could have tremendous implications for the San Francisco-based utility company in terms of potential legal liability for one of California’s most lethal and costly disasters.



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