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February 16, 2026

California

PG&E Seeks $20B Wildfire Bonds Issuance
PG&E is hoping the California legislature will approve a bill providing up to $20 billion in bonds to help the company pay its debts to wildfire victims.
Only PG&E Can File Bankruptcy Plan, Judge Says
The judge overseeing PG&E’s bankruptcy ruled against bondholders and insurers that wanted to offer their own reorganization plans for the embattled utility.
Lawyers Argue over PG&E Wildfire Liability
Lawyers representing PG&E and California wildfire victims argued over how to estimate the potential liability of the bankrupt utility.
Bankruptcy Judge Questions PG&E Exec Compensation
The judge overseeing PG&E’s bankruptcy questioned the utility’s attorney over an executive compensation package that includes $11 million in bonuses.
Forecasting, Cooperation Key to Calif. Climate Challenges
California must find new approaches to long-term forecasting and collaboration, speakers said at a California Energy Commission workshop.
CPUC Program ‘Runs Afoul’ of PURPA, Court Rules
The 9th Circuit found California’s Renewable Market Adjusting Tariff program violated PURPA by capping the energy utilities must purchase from QFs.
PG&E Deserves $30M ISO Adder, FERC Says
FERC reaffirmed that Pacific Gas & Electric participates voluntarily in CAISO and qualifies for hefty financial incentives to remain in the ISO.
California Energy Summit Focuses on Wildfires
Discussions at Infocast's California Energy Summit ran the gamut of energy issues, but mitigating and preventing wildfires in the state took center stage.
Newsom Names New California PUC President
Calif. Gov. Gavin Newsom announced Marybel Batjer, currently the government operations secretary, as the next president of the Public Utilities Commission.
UPDATED: Calif. Wildfire Relief Bill Signed After Quick Passage
A bill intended to shore up California’s IOUs against wildfire liability raced through the state Legislature and landed on the desk of Gov. Gavin Newsom.

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