Pacific Gas and Electric (PG&E)
California officials hammered PG&E executives during a legislative hearing over the utility’s mishandling of multiple public safety power shutoffs.
The California PUC opened an investigation into the power shutoffs that left millions in the dark several to prevent utility-sparked wildfires.
Wildfire victims and California Gov. Gavin Newsom challenged PG&E’s proposed $11 billion settlement with insurance companies that are seeking reimbursement.
More elected officials are calling for a public takeover or restructuring of PG&E after it blacked out millions of Californians to prevent deadly wildfires.
California Gov. Gavin Newsom has summoned PG&E and its creditors, including victims, to try to broker a deal to pull the utility out of bankruptcy.
Analysts at a renewable energy conference warned that PG&E could still reject its renewable power purchase agreements in bankruptcy.
The federal judge overseeing Pacific Gas and Electric’s bankruptcy named a mediator to help the utility and its bondholders negotiate a reorganization plan.
PG&E’s stock price fell to a record low as a huge wildfire its equipment is suspected of starting last week continued burning mostly uncontrolled.
Attorneys in the PG&E (NYSE:PCG) bankruptcy case sparred over the merits of their competing reorganization proposals, taking potshots at each other’s plans.
PG&E told regulators its public safety power shutoffs could continue for another decade, and is making plans to turn off electricity if and when necessary.
Want more? Advanced Search










