Pacific Gas and Electric (PG&E)
The California PUC approved a settlement with PG&E that imposes penalties of more than $1.9 billion for safety and maintenance lapses that led to wildfires.
PG&E Corp. said as part of its first-quarter earnings report that 11 of its 14 directors would be leaving its board.
The judge in charge of PG&E’s criminal probation imposed new conditions requiring the utility to do better to avoid starting wildfires.
The judge overseeing PG&E’s bankruptcy rebuffed the utility’s request to quickly approve agreements signed between it, fire victims and government agencies.
PG&E Corp. CEO Bill Johnson announced he would retire at the end of June, by which time the utility is hoping to exit bankruptcy.
The judge in the PG&E bankruptcy case prohibited the utility from paying its criminal fines from a trust fund meant to compensate fire victims.
The $13.5 billion settlement PG&E struck with wildfire victims may be in trouble, threatening one main component of the utility’s plan to exit bankruptcy.
Lawyers in PG&E’s bankruptcy case argued whether the court should approve a letter informing fire victims of potential flaws in a $13.5 billion settlement.
FERC rejected PG&E’s request to rehear a case where the commission ruled interconnection customers could be harmed by changes occurring outside boundaries.
PG&E said it will plead guilty to 85 felonies stemming from the Camp Fire in November 2018, including 84 charges of involuntary manslaughter.
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