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Pacific Gas and Electric Company

American utility company

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Pacific Gas and Electric Company: American utility company
The Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU) with publicly traded stock that is headquartered in the Pacific Gas & Electric Building in San Francisco, California, United States. PG&E provides natural gas and electricity to most of the northern two-thirds of California, from Bakersfield and Barstow to near the Oregon State Line and Nevada and Arizona State Line, which represents 5.2 million households. PG&E is overseen by the California Public Utilities Commission. It is the leading subsidiary of the holding company PG&E Corporation, which has a market capitalization of $3.242 billion as of January 16, 2019. It was founded by George H. Roe after California's Gold Rush and by 1984 was the United States' "largest electric utility business". PG&E is one of four regulated, investor-owned utilities (IOUs) in California; the other three are PacifiCorp's Pacific Power, Southern California Edison and Sempra Energy's San Diego Gas & Electric.

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How Fixing California’s Housing Crisis Is Like Playing Whac-a-Mole

Wednesday: Local regulations stand in the way of more apartments. Also: Pacific Gas & Electric shares tumble; and Tom Waits’s San Diego.
NYTimes.com - Published

PG&E expects $4.8 billion of initial contribution to California wildfire fund

Power producer PG&E Corp said on Thursday its initial contribution to California's wildfire fund would be about $4.8 billion, and annual contribution about $193 million.
Reuters - Published

Videos for Pacific Gas and Electric Company

California Signs $21 Billion Wildfire Relief Fund [Video]California Signs $21 Billion Wildfire Relief Fund

California Governor Gavin Newsom signed a $21 billion bill to help fund wildfire relief, says Reuters. The funds will help bankrupt PG&E Corp and the state’s other investor-owned utilities cover..

Credit: Wochit News     Duration: 00:32Published

 

California governor signs bill for $21 billion wildfire fund

California Governor Gavin Newsom on Friday signed a bill approved by lawmakers a day earlier that creates a $21 billion fund to help bankrupt PG&E Corp and the state's other investor-owned utilities..
Reuters - Published

PG&E ignored repairs on its aging power lines while paying $5 billion in dividends, report says

Despite needing repairs to decades-old power equipment, PG&E spent $5 billion on shareholder dividends
CBS News - Published

California regulator considers penalty against PG&E in 2017 wildfires

California utilities regulator has opened a case to evaluate and consider penalties against power and gas utility PG&E Corp for its involvement in the fierce wildfires that killed 46 people in Northern..
Reuters - Published

Newsom Offers Plan to Help Shield California Utilities From Wildfire Liablilty

Gov. Gavin Newsom’s proposal for a $21 fund would also protect power company customers from the kind of huge claims that have already helped push Pacific Gas & Electric into bankruptcy.
NYTimes.com - Published

Should California Get Rid of Single-Family Zoning?

Thursday: Cities around the country are grappling with that question. Here, it’s urgent. Also: PG&E’s wildfire liability and Latinx artists.
NYTimes.com - Published

PG&E completes safety inspection of distribution infrastructure

Electric utility PG&E Corp said on Wednesday it has completed visual inspections of about 99% of its distribution infrastructure to provide additional precautionary measures intended to reduce wildfire..
Reuters - Published

PG&E to pay $1 billion to California townsl for wildfire damage

More than half the money would go to four towns and counties damaged by widlfires last year that killed 85 people
CBS News - Published

California utility company to pay $1 billion to governments for wildfire damage

Pacific Gas & Electric filed for bankruptcy earlier this year in anticipation of massive lawsuit payments.
USATODAY.com - Published

PG&E settles California fire claims with local governments for $1 bln

PG&E Corp will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the..
Reuters - Published

Garcetti Turns to Young People to Combat Gun Violence

Monday: How students are driving an anti-gun violence campaign in L.A. Also: Pacific Gas & Electric shut down power and L.A. celebrated Pride.
NYTimes.com - Published

California utility to cut power to 27,000 customers to reduce wildfire risk

Utility PG&E Corp planned to proactively shut off power on Saturday to 27,000 customers in Northern California due to an increased risk of wildfires, officials said.
Reuters - Published

Pacific Gas & Electric to shut power in Northern California for fire safety

PG&E said it will shut off power Saturday and may do the same for thousands more to reduce the risk of wildfires in Northern California.
USATODAY.com - Published

As Wildfire Season Looms, Finding Tree Trimmers is a New Problem

For Pacific Gas & Electric, it isn’t easy mustering crews to thin the forests where its equipment might cause fires.
NYTimes.com - Published

California Today: California Today: What to Know About Pacific Gas & Electric’s Role in the Camp Fire

Thursday: Get caught up on the embattled utility’s bankruptcy. Also: President Trump’s immigration overhaul; and the resurrection of “Deadwood.”
NYTimes.com - Published

PG&E lines blamed for deadliest wildfire in California history

State fire investigators have formally determined that Pacific Gas & Electric Co transmission lines caused the deadliest and most destructive wildfire on record in California, a blaze that killed 85..
Reuters - Published

California Says PG&E Power Lines Caused Camp Fire That Killed 85

State officials concluded that Pacific Gas & Electric lines caused the Camp Fire, which destroyed the town of Paradise and is the deadliest in state history.
NYTimes.com - Published

PG&E transmission lines caused deadly Camp Fire in California, investigators say

The Camp Fire last November was the the deadliest and most destructive fire in California history.
USATODAY.com - Published

PG&E proposes court order for CEO, board to tour town destroyed by wildfire

PG&E Corp on Monday submitted a proposed order to a U.S. District Court judge that would require the power provider's chief executive and board to visit the California town of Paradise by July 15, to..
Reuters - Published

Judge Orders PG&E Directors to Visit Town Destroyed by Wildfire

A federal judge directed the utility’s board to visit Paradise, Calif. to see the devastation from a fire the company has said was likely started by its equipment.
NYTimes.com - Published

PG&E Says S.E.C. Is Investigating Its Wildfire Disclosures

The California utility disclosed in a filing that securities regulators are looking into how it disclosed and accounted for losses from fires in recent years.
NYTimes.com - Published

PG&E seeks U.S. court approval for $105 million fund to help wildfire victims

PG&E Corp on Wednesday sought court approval for a $105 million fund to help house victims of the wildfires blamed on the bankrupt California power provider.
Reuters - Published

PG&E's plan to award $235 million in bonuses approved by judge

The employee bonuses will be given to 10,000 rank-and-file employees, rather than senior management
CBS News - Published

Blamed for Wildfires, PG&E Seeks Higher Electricity Rates

The California utility and two others says higher rates are needed to pay for safety improvements and to offset the financial risk of more frequent wildfires.
NYTimes.com - Published

California Governor Seeks to Protect Utilities From the Cost of Wildfires

Electric utilities welcomed Gavin Newsom’s proposals but consumer groups said they would let PG&E off the hook while costing taxpayers billions of dollars.
NYTimes.com - Published

California Today: How a Times Reporter Kept Up With the Kardashians

Thursday: Wrangling “KarJenner” schedules; PG&E’s new chief executive; and truffle-hunting dogs
NYTimes.com - Published

PG&E Reveals New C.E.O. and a Revamped Board of Directors

Bill Johnson, most recently the head of the Tennessee Valley Authority, will fill the chief executive position held by Geisha Williams, who left in January, just before PG&E filed for bankruptcy.
NYTimes.com - Published

California Today: What One Old Tower Says About PG&E’s Lax Safety Culture

Wednesday: How the utility chose profits over safety time and again; another reason immigration courts are bogged down; and seeing Oakland on screen
NYTimes.com - Published

California Today: California Today: A New York Critic on the Los Angeles Art Scene

Friday: Grappling with an expansive, diverse art landscape; distributing Pacific Gas & Electric’s assets; and visiting El Jardín in San Diego
NYTimes.com - Published

Who Deserves PG&E’s Assets? Fire Victims Face a New Ordeal

Employees, suppliers and bondholders all have claims against the utility in bankruptcy court, along with those counting on payouts over blazes started by the company’s equipment.
NYTimes.com - Published

PG&E spared criminal charges in deadly 2017 California wildfires

An investigation into fierce wildfires that swept Northern California's wine country in 2017, killing 46 people, found no basis to criminally charge PG&E, the utility whose power lines helped spark the..
Reuters - Published

PG&E submits safety report to California regulator

Power utility company PG&E Corp said on Friday it had submitted a report detailing how the company upgraded the safety of its gas pipelines to the California Public Utilities Commission.
Reuters - Published

For PG&E Board Candidate, ‘Job One Is to Restore the Public Trust’

Phil Angelides, one of 13 people on a slate nominated by a hedge fund, discussed what went wrong at the California utility and how it can be revived.
NYTimes.com - Published

PG&E says its equipment likely sparked California's Camp Fire

The bankrupt utility thinks it's "probable" that one of its transmission lines is to blame for the deadly disaster
CBS News - Published

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

Amid PG&E's bankruptcy, the company notified investors that the evidence points to its transmission equipment, In a regulatory filing.
USATODAY.com - Published

Utility bankruptcy could cost wildfire victims

Faced with many lawsuits over California wildfires, Pacific Gas & Electric Corp. filed for bankruptcy in a move that could mean higher customer bills and smaller payouts to fire victims. (Jan...
USATODAY.com - Published

Wildfire-scorched PG&E, biggest California utility, files for bankruptcy

California's biggest utility's faces up to $30 billion in liability for recent wildfires thought to have been caused by its equipment
CBS News - Published

California regulators make preparations for PG&E bankruptcy

PG&E announced on Jan. 14 that it planned to file for bankruptcy in the face of at least $30 billion in potential wildfire damages. The company said it faced hundreds of lawsuits from victims of..
USATODAY.com - Published

Activists upset over wildfires, protest PG&E bailout

Activists upset over wildfires, protest PG&E bailout
USATODAY.com - Published

Tubbs Fire report complicates PG&E's bankruptcy decision

A state report finding the utility's equipment wasn't to blame could hamper lawsuits and complicate a planned bankruptcy
CBS News - Published

Deadly California fire caused by private equipment, not PG&E, agency says

A 2017 wildfire that killed 22 people in California was caused by a private electrical system, an investigator finds
CBS News - Published

Private equipment, not Pacific Gas & Electric, caused 2017 California wildfire, agency says

A 2017 wildfire that killed 22 people in Northern California wine country was caused by a private electrical system, CalFire said.
USATODAY.com - Published

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