California wildfires
The judge overseeing PG&E's bankruptcy relinquished a major part of the case to another federal judge while a third part is heading to state court.
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.
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 representing PG&E and California wildfire victims argued over how to estimate the potential liability of the bankrupt utility.
The judge overseeing PG&E’s bankruptcy questioned the utility’s attorney over an executive compensation package that includes $11 million in bonuses.
CAISO will seek to protect neighboring balancing authority areas if investor-owned utility members de-energize transmission lines due to wildfire threats.
Discussions at Infocast's California Energy Summit ran the gamut of energy issues, but mitigating and preventing wildfires in the state took center stage.
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.
The wildfire package that California Gov. Gavin Newsom asked lawmakers to push through cleared two key committees and sailed through the Senate.
The California Public Utilities Commission has asked for more information on Pacific Gas and Electric’s new corporate directors.
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