California wildfires
PG&E shut down power to large swaths of its Northern California service territory, citing gusty winds that could cause utility-sparked conflagrations.
The escalating battle between bondholders and shareholders to control PG&E (NYSE:PCG) when it exits bankruptcy played out before Judge Dennis Montali.
California Gov. Gavin Newsom signed two dozen bills dealing with wildfire prevention and affecting the state’s electricity providers.
The California PUC authorized costs for a new safety program as part of San Diego Gas & Electric and Southern California Gas' general rate case.
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 in the Pacific Gas and Electric bankruptcy case argued for hours over competing reorganization plans and how much the utility owes victims.
The judge overseeing the PG&E (NYSE:PCG) bankruptcy will consider 2 reorganization plans: one from the company and one by bondholders and wildfire victims.
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 Corp. [NYSCE:PCG] filed a reorganization plan in U.S. Bankruptcy Court that includes $16.9 billion to pay for wildfire claims.
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.
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