Items Tagged with 'wildfires'

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PG&E Records $2.5B Charge for California Wildfires

In a move prompted by the strict liability restrictions on California utilities from the state's use of inverse condemnation, Pacific Gas and Electric Co. and its parent company plan to record a $2.5 billion pre-tax, noncash accounting charge for wildfire liabilities for the second quarter. Read More

Spreading SoCal Wildfires Close Major Freeway, Shut Down Power; NatGas OK

Ash and smoke spread throughout large swatches of the Los Angeles Basin on Wednesday, with three major ongoing wildfires spreading out of control and some new, more suburban-based blazes shutting the 405 Freeway in the heavily trafficked Sepulveda Pass between affluent hilltop residential neighborhoods and major campuses like UCLA and the Getty Center arts complex. Read More