The U.S. Bankruptcy Court in San Francisco on Tuesday approved the Pacific Gas and Electric Co. (PG&E)revised reorganization planand left unchanged the $13.5 billion settlement signed late last year.
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PG&E Reorganization OK’d by Bankruptcy Court with $13.5B Settlement Unchanged
The U.S. Bankruptcy Court in San Francisco on Tuesday approved the Pacific Gas and Electric Co. (PG&E)revised reorganization planand left unchanged the $13.5 billion settlement signed late last year.
April 8, 2020
California Utilities Urged to Step Up Wildfire Mitigation
California’s major utilities have been told to continue pushing forward with enhanced wildfire mitigation plans despite statewide shelter-in-place mandates regarding the Covid-19 pandemic.
April 2, 2020
California Utilities Urged to Step Up Wildfire Mitigation
California’s major utilities have been told to continue pushing forward with enhanced wildfire mitigation plans despite statewide shelter-in-place mandates regarding the Covid-19 pandemic.
April 2, 2020
California Governor, PG&E Agree on Bankruptcy Exit Plan
California Gov. Gavin Newsom and bankruptcy bound Pacific Gas and Electric Co. (PG&E) and its parent company have informed a federal court in San Francisco of their joint support for a revisedplan of reorganizationfor the combination utility’s exit from Chapter 11. The agreement includes PG&E’s acceptance of a state takeover if it fails to get timely court and state approvals.
March 25, 2020
PG&E Agrees to Plead Guilty to Involuntary Manslaughter, $4M in Penalties Related to Camp Fire
Pacific Gas and Electric Co. (PG&E) on Monday said it would plead guilty to 84 counts of involuntary manslaughter for the 84 victims of the Camp Fire in November 2018. It also agreed to plead guilty to one count of unlawfully starting the wildfire.
March 24, 2020
PG&E Wins Court Approval for $23B Financing Package to Pay for Wildfire Liabilities
Pacific Gas and Electric Co. (PG&E) and its parent company have received approval from a federal bankruptcy court in San Francisco for a $23 billion financing package to help pay its considerable liabilities from a rash of wildfires in 2017 and 2018.
March 18, 2020
PG&E CEO Calls for Extensive Changes As Part of Chapter 11 Reorganization
Late last month the CEO for bankruptcy mired Pacific Gas and Electric Co.(PG&E) told skeptical state regulators that the giant combination utility must make extensive fundamental changes in how it operates and its Chapter 11 reorganization plan is focused on that long-sought transformation.
March 9, 2020
California ALJ Proposes Increased Wildfire Settlement Penalties for PG&E
A California regulatory judge’s decision would add $462 million in penalties against Pacific Gas and Electric Co. (PG&E), bringing the total penalties in the company’s wildfire settlement to $2.1 billion.
March 2, 2020
PG&E Safety Operations Questioned
A federal district judge in San Francisco overseeing Pacific Gas and Electric Co.’s (PG&E) probation from a previous criminal conviction on Wednesday ordered the combination utility to defend its inspection and maintenance practices.
February 21, 2020
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