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Pg&E

Post-Bankruptcy, PG&E Seeking to Reinvent, Shed Debt

Post-Bankruptcy, PG&E Seeking to Reinvent, Shed Debt

PG&E Corp. and Pacific Gas and Electric Co. executives during the second quarter earnings call, the first in 18 months, illustrated the heavy lifting ahead to reduce debt, withstand another wildfire season and complete a reorganization in the aftermath of Chapter 11 bankruptcy. Interim CEO Bill Smith during the quarterly call touched on wildfire mitigation…

August 4, 2020
PG&E, Tesla Begin Work on Landmark Battery Storage Project in Northern California

PG&E, Tesla Begin Work on Landmark Battery Storage Project in Northern California

Tesla Inc. and Pacific Gas and Electric Co. (PG&E) have begun construction of a 182.5 MW lithium-ion battery energy storage system (BESS) at the combination utility’s Moss Landing substation in Monterey County, CA. The megapack system is considered a landmark in developing and deploying utility-scale batteries. In late 2018 California regulators approved plans for Moss…

July 30, 2020
PG&E Equipment Caused 2019 Wildfire, Says California Investigation

PG&E Equipment Caused 2019 Wildfire, Says California Investigation

A Pacific Gas and Electric Co. (PG&E) transmission line in the Northern California wine country caused the 77,000-acre Kincade Fire last year, according to an investigation by the California Department of Forestry and Fire Protection. The Kincade blaze was caused by PG&E’s electrical transmission lines northeast of Geyserville in Sonoma County, according to the investigation. …

July 17, 2020
PG&E Throws Support Behind California Natural Gas Ban Movement

PG&E Throws Support Behind California Natural Gas Ban Movement

Following a movement to ban natural gas in new buildings that began in California and is spreading nationwide, San Francisco-based Pacific Gas and Electric Co. (PG&E) said it is in support, if it can be done in a cost effective way to reduce greenhouse gas (GHG) emissions. The California Energy Commission (CEC), which previously ratified…

July 6, 2020
PG&E Reorganization Approved to Exit Bankruptcy

PG&E Reorganization Approved to Exit Bankruptcy

With approval of its $58 billion reorganization plan, Pacific Gas and Electric Co. (PG&E) and its parent company said they will exit Chapter 11 bankruptcy as a “re-imagined” enterprise. Driven to bankruptcy by devastating wildfires in 2017 and 2018, PG&E now is eligible to tap into a $21 billion state wildfire fund authorized under last…

June 22, 2020
California OKs Microgrid Program for Planned Wildfire-Related Power Outages

California OKs Microgrid Program for Planned Wildfire-Related Power Outages

California regulators last Thursday approved a multi-billion-dollar microgrid program accelerating short-term actions to lessen the impact of planned wildfire preventive grid shutdowns by the state’s major investor-owned utilities (IOUs).

June 15, 2020
PG&E Defends Wildfire Preparedness in California Review

PG&E Defends Wildfire Preparedness in California Review

Pacific Gas and Electric Co. (PG&E) officials on Monday defended their enhanced preparedness for lowering the risks of wildfires this year after being criticized at a hearing of the California Senate’s Energy, Utilities and Communications Committee.

June 10, 2020
PG&E Bankruptcy Plan OK’d by California Regulators, Now Awaiting Court Approval

PG&E Bankruptcy Plan OK’d by California Regulators, Now Awaiting Court Approval

California regulators on Thursday approved with conditions Pacific Gas and Electric Co.’s (PG&E) proposed $58 billion bankruptcy reorganization plan, giving the combination utility a clear path to exit Chapter 11 once a federal bankruptcy court approves the proposal.

May 29, 2020
PG&E Bankruptcy Exit Gains Approval from Creditors

PG&E Bankruptcy Exit Gains Approval from Creditors

Pacific Gas and Electric Co. (PG&E) and its parent company last Friday gained approval to reorganize and exit Chapter 11 bankruptcy, including approval from the wildfire victims, with more than 85% voting in favor of the plan.

May 26, 2020
CPUC Approves PG&E’s $1.9B Wildfire Penalty; Delays Safety Assessment

CPUC Approves PG&E’s $1.9B Wildfire Penalty; Delays Safety Assessment

California regulators on Thursday unanimously slapped a $1.9 billion penalty on Pacific Gas and Electric Co. (PG&E) for its role in thehorrific wildfiresthat ravaged Northern California in 2017 and 2018, and separately postponed until the Fall a vote on a long-standing investigation of the San Francisco-based combination utility’s safety culture.

May 8, 2020
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