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February 16, 2026

California

CPUC Opens Investigation of PG&E Bankruptcy Plan
The California PUC opened a formal examination into PG&E’s Chapter 11 reorganization plan, as bondholders trying to take over the utility upped the ante.
Lawyers Clash in PG&E Bankruptcy Hearing
Lawyers in the Pacific Gas and Electric bankruptcy case argued for hours over competing reorganization plans and how much the utility owes victims.
CAISO, CPUC Warn of ‘Reliability Emergency’
CAISO’s Board of Governors heard that the ISO could face capacity shortages as soon as next year if steps aren’t taken to address the potential shortfall.
San Diego OKs Community Choice Plan
San Diego and neighboring cities plan to form a community choice aggregation (CCA) program that would be California's second largest.
Electric Bills Go to California Governor
The California Legislature has passed four bills related to electricity, including one that could help shepherd the sale of PG&E’s San Francisco assets.
NIPPC Members ‘Carry On’ Without Kahn
Sadness over the recent death of Robert Kahn suffused this year’s NIPPC annual meeting, where speakers remembered and praised the energy veteran.
PG&E and Insurers Agree to Settle Wildfire Claims
PG&E [NYSE:PCG] announced it had reached an $11B settlement agreement with nearly all the insurers trying to recoup their payments to victims of wildfires.
PG&E Offers $16.9B for Wildfire Claims in Chap. 11 Filing
PG&E Corp. [NYSCE:PCG] filed a reorganization plan in U.S. Bankruptcy Court that includes $16.9 billion to pay for wildfire claims.
UPDATED: PG&E Ends Bond Bid as SF Makes Wires Offer
PG&E Corp. said it was postponing a controversial effort to secure up to $20 billion in bonds from the state to pay for wildfires sparked by its equipment.
Calif. Participants Float ‘Central Buyer’ RA Plan
California stakeholders have proposed replacing the state’s resource adequacy framework with a “central buyer” responsible for procuring resources.

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