Pg&E

Elected officials in San Francisco, home of bankruptcy-bound Pacific Gas and Electric Co. (PG&E), has passed an ordinance to ban the use of natural gas in new construction and renovations of municipal buildings.

Pacific Gas and Electric Co. (PG&E) late Thursday filed a revised final Chapter 11 reorganization plan after its recent completion of three separate victims and insurance settlements totaling more than $25 billion.

Needing a boost to successfully exit Chapter 11 bankruptcy by mid-2020, Pacific Gas and Electric Co. (PG&E) late Friday reached a $13.5 billion settlement with the victims who sustained losses from the 2015 Butte Fire, 2017 Northern California Wildfires and 2018 Camp Fire that were thought to be caused by the combination utility’s equipment.

A former California regulator said the state could resolve its ongoing wildfire-induced electric utility issues by replacing three major investor-owned utilities and taking over the power distribution business.

Bankruptcy bound and hectored by regulators, Pacific Gas and Electric Co. (PG&E) has been officially accused in a state investigation of shirking its responsibility for transmission line inspections and maintenance, helping to create an explosive mixture that led to California’s deadliest wildfire last year.

The bottom line for San Francisco-based Pacific Gas and Electric Co. (PG&E) in 3Q2019 bled red, with $1.6 billion in losses, with up to $2.2 billion in one-time charges.

Edison International CEO Pedro Pizarro on Tuesday spoke up for his utility’s need to call preventive power shutoffs and pushed back against California Gov. Gavin Newsom’s stinging criticism of those shutoffs, even as new wildfires were fanned by record high winds in Southern California.

Oil and gas operations in California have so far not been impacted by this season’s troublesome wildfires and preventive power shutoffs.

On orders from the governor, the California Public Utilities Commission (CPUC) on Monday launched a multi-faceted investigation of the major investor-owned electric utilities’ wildfire preventive power shutoffs as fires rage throughout the state.