Pacific Gas and Electric Company
American utility company
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The Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU) with publicly-traded stock. The company 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 to the north side of the County of Santa Barbara, to near the Oregon State Line and Nevada and Arizona State Line, which represents 5.2 million households.
PG&E looks to Wall St to fund bankruptcy exit
Credit: Reuters Studio Duration: 01:19Published
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PG&E, Troubled California Utility, Emerges From BankruptcyThe company, which has a new board and chief executive, said it had put $5.4 billion and its stock in a trust for victims of wildfires started by its equipment.
Judge Expected to Approve PG&E Plan to Resolve BankruptcyA federal judge could decide on Friday that the California utility can put itself back together in time to take part in a crucial wildfire liability fund.
Utility fined over $3 million in wildfire deathsPacific Gas & Electric on Thursday was fined over $3 million for the deaths of 84 people killed in a nightmarish Northern California wildfire ignited by the its long-neglected electrical grid. (June..
PG&E Ordered to Pay $3.5 Million Fine in Camp Fire CaseA judge approved a plea agreement between the California utility and a local prosecutor after hearing from people who lost loved ones in the fire started by a transmission line.
Ask Your Questions About the Pandemic in CaliforniaWednesday: We know things are still confusing. Tell us what you want to know. Also: PG&E pleads guilty; and a remembrance.
In CA: 84 counts of manslaughter for PG&E, and a man's final, tortured hours in custodyPG&E pleads guilty to 84 counts of involuntary manslaughter for its role in the 2018 Camp Fire. L.A. wants cuts of up to $150 million in the LAPD. And I talked to the director of Santa Barbara County's..
PG&E pleads guilty to 84 counts of involuntary manslaughter in 2018 California Camp FirePacific Gas & Electric has pled guilty to charges of involuntary manslaughter, admits to causing 2018 fire that destroyed Paradise, California.
Also reported by •Reuters
PG&E to Plead Guilty in 84 Deaths Caused by Camp FireThe California utility has agreed to pay a nearly $2 billion fine for causing the blaze, which killed dozens and destroyed the town of Paradise.
PG&E Gives Wildfire Victims More Stock in Bankruptcy PlanThe company is increasing the number of shares it will give homeowners and businesses that lost properties during fires caused by its equipment.
PG&E Appoints a New Board as It Eyes Its Bankruptcy ExitThe governor of California required the troubled utility to replace its directors as a condition for taking part in a new wildfire liability fund.
California regulator approves PG&E's Chapter 11 reorganization planPower regulator California Public Utilities Commission (CPUC) has approved PG&E Corp's Chapter 11 reorganization plan, the San Francisco-based utility company said on Thursday.
California Regulators Back PG&E Bankruptcy PlanThe vote increases the likelihood that the utility will resolve its case by a June 30 deadline and get future liability protection from the state.
Also reported by •Reuters
PG&E’s Settlement With Wildfire Victims Faces Crucial VoteSome victims think the $13.5 billion deal is flawed and are worried that a lawyer who negotiated it has a conflict of interest.
Coronavirus Testing in California: What to KnowFriday: Testing capacity is still a major hurdle to reopening, but California is getting closer. Also: PG&E’s chief executive said he’ll retire.
PG&E Chief Executive to Retire in JuneBill Johnson joined the troubled utility last year and will leave when the company resolves its bankruptcy case.
California regulator wants PG&E reorganization plan changes, proposes $2 billion fineA California regulator has asked PG&E Corp for governance and oversight changes to its reorganization plan, while proposing about $2 billion in penalties for the San-Francisco based utility's role in..
Wildfire Victims Push to Reopen $13.5 Billion Deal With PG&EThe falling price of the utility’s shares, which are part of the settlement, has jeopardized the company’s plan to emerge from bankruptcy by June 30.
PG&E Will Plead Guilty to Manslaughter in Camp FireThe California utility faced felony charges in connection with a 2018 wildfire that killed more than 80 people.
PG&E Reaches Agreement With Governor, Clearing Big HurdleThe troubled California utility is agreeing to limit payouts to shareholders to satisfy Gov. Gavin Newsom in its effort to emerge from bankruptcy and qualify for a state wildfire fund.
California regulator proposes record $2.14 billion fine on PG&E over wildfiresCalifornia's utilities regulator has proposed an increased $2.14 billion fine on PG&E Corp for its role in causing the devastating 2017 and 2018 wildfires in Northern California.
Your heart-shaped metallic balloon could cause a mass power outage, energy companies warnCompanies such as FirstEnergy and PG&E are warning their customers about the dangers of metallic balloons on Valentine's Day.
Greenpeace activist applies for top job at Poland's coal-burning utilityGreenpeace activist, Pawel Szypulski, said on Thursday he was applying for the chief executive job at Poland's biggest utility PGE, with a plan to eliminate polluting coal from the group's power..
PG&E Has a Survival Plan, and Newsom Has Plan B: A TakeoverCalifornia’s governor is threatening to assume control of the utility if its restructuring in bankruptcy doesn’t meet his demands. Does he mean it?
In California: After weeks of mourning, a final farewell to KobeThe date and location are finalized for a public memorial in Los Angeles honoring the Lakers legend and eight others. Plus: An inspection as part of a Camp Fire lawsuit has uncovered rusty PG&E..
California lawmaker introduces bill to make PG&E a publicly owned utilityA California lawmaker has introduced a bill aimed at making PG&E Corp a publicly owned utility, a year after liabilities from wildfires traced back to some of its equipment pushed the power producer..
PG&E Announces Deal to Exit Bankruptcy, but Governor BalksEven before the California utility said it had an accord with bondholders, Gov. Gavin Newsom declared that the plan didn’t meet the public interest.
Why Do People Become Homeless?Wednesday: People who have experienced homelessness share their stories. Also: A PG&E update and the San Francisco 49ers.
Claims by PG&E Wildfire Victims Reach 80,000The number of individuals seeking compensation from the utility more than doubled in just over two months.
PG&E creditors offer California wildfire victims $13.5 billion in cash upfrontPG&E Corp's creditors have sweetened their offer to California wildfire victims, saying they are now prepared to pay $13.5 billion in cash upfront, according to a letter sent on Friday to state..
ICE inks contracts worth billions for private immigration centersThe move happens just ahead of a state law that goes into effect Jan. 1 that phases such arrangements out of existence. Meanwhile, PG&E's power shutoffs were bad, but maybe they were even worse than we..
A Conversation With Tom SteyerWednesday: The billionaire is set to be the only Californian on the Democratic debate stage this week. Also: A PG&E deal, and See’s Candies.
U.S. judge approves PG&E deal with California wildfire victims; stock jumpsA U.S. bankruptcy judge approved on Tuesday PG&E Corp's $13.5 billion settlement with victims of Californian wildfires, and the company's stock rallied as the utility gained momentum to emerge from..
After Deal With Fire Victims, PG&E Bankruptcy Still Far From SettledThe utility faces objections from the governor of California and hedge funds vying for control of the company.
PG&E, fire victims waive deadline for governor's OK of reorganization planCalifornia wildfire victims and utility PG&E Corp have agreed to waive a Tuesday deadline for securing approval from the state's governor for the power company's reorganization plan that contains a..
California Governor Rejects PG&E’s Restructuring PlanGov. Gavin Newsom’s opposition is the latest hurdle for the utility, which is seeking to resolve a complex bankruptcy and take part in a state wildfire fund.
Also reported by •Reuters
What’s Ahead for PG&E?Thursday: A look at the moving pieces in the utility’s bankruptcy. Also: Zoe Lofgren, and a historic marionette theater.
Bankrupt PG&E to take $4.9 billion more charge on wildfire victim claimsPG&E Corp said https://www.sec.gov/ix?doc=/Archives/edgar/data/75488/000095015719001393/form8-k.htm on Monday it would take a pretax charge of $4.9 billion in the current quarter related to the..
Combating Compassion FatigueMonday: An expert talks about the effects of seeing people living on the streets. Also: A major PG&E settlement, and Katie Hill speaks out.
Bankrupt PG&E reaches $13.5 billion settlement with California wildfire victimsCalifornia's bankrupt power producer PG&E Corp said on Friday it had reached a $13.5 billion settlement with victims of some of most devastating wildfires in the state's modern history.
Also reported by •USATODAY.com