May 21, 2024

PG&E Bankruptcy

EKM Metering
Parties Protest PG&E Plan to Spin off Generation
PG&E's proposal to place most of its generation fleet into a new company and to sell nearly half the firm to investors is taking flak at FERC and the CPUC.
National Forest Service
PG&E Expects $1B in Costs from Dixie Fire
PG&E said in its Q3 report that it expects a $1.15 billion loss from the massive Dixie Fire this summer and has been subpoenaed by federal prosecutors.
U.S. Forest Service/Lassen Natio
PG&E Faces New Criminal Charges, Wildfire Liability
PG&E said the Dixie Fire burning in Northern California could hurt its finances but denied it committed crimes in starting last year’s deadly Zogg Fire.
PG&E to Sell San Francisco HQ for $800M
PG&E will sell its iconic San Francisco headquarters to real estate venture Hines Atlas US for $800 million.
PG&E Faces ‘Enhanced Oversight’ by CPUC
The California PUC might implement the strict regimen of oversight and enforcement that PG&E agreed to last year as part of its bankruptcy plan.
9th Circuit Vacates FERC Orders in PG&E PPA Dispute
An appeals court vacated FERC orders that threatened to force a jurisdictional standoff with the judge overseeing PG&E’s bankruptcy.
PG&E Reports Steep Q2 Loss on Bankruptcy, Fire Costs
PG&E reported a loss of $3.73/share in the second quarter, driven mainly by $2.5 billion in costs to exit bankruptcy and help pay for the 2019 Kincade Fire.
Governor Signs PG&E ‘Plan B’ Takeover Bill
PG&E said it had completed its bankruptcy restructuring, one day after California enacted a law allowing the state to take over the utility if it fails to obey PUC rules.
UPDATED: PG&E Sentenced; Bankruptcy Plan Approved
A judge sentenced Pacific Gas and Electric to $4 million in fines and fees, the maximum allowed under law, for starting the Camp Fire in November 2018.
PG&E Pleads Guilty to 84 Homicides and Arson
PG&E's CEO pled “guilty, your honor,” 84 times to involuntary manslaughter as one of the largest corporate homicide cases in U.S. history neared its conclusion.

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