Tag: Assemblyman Chris Holden
A Reminder for CA Corporate Boards of Directors of Requirement for Female and LGBTQ Directors
Publicly-traded corporations with their principal executive offices in California are reminded of their legal obligations under two California statutes to have specified individuals on their boards of directors. SB 826, by Sen Hannah Beth Jackson (D-Santa Barbara), enacted in 2018,...
California’s 9th Circuit Court of Appeals to Hear Utility Wildfire Bailout Case
After the Public Utilities Commission denied three Investor Owned Utilities in California – Pacific Gas and Electric, San Diego Gas and Electric, and Southern California Edison – the cost of wildfire repayments in 2019, the utilities filed a lawsuit in the...
Underrepresented Communities Now Required on Corporate Boards Under AB 979
Assembly Bill 979, by Assemblyman Chris Holden (D-Pasadena) was enacted during the 2020 Legislative Session to ensure publicly-traded corporations have individuals on their boards of directors from underrepresented communities. AB 979 was signed into law by Governor Newsom on September...
Is Governor Newsom’s Office Trying to Keep Documents Secret Over Rushed Passage of Utilities’ Bailout?
After the Public Utilities Commission denied three Investor Owned Utilities in California – Pacific Gas and Electric, San Diego Gas and Electric, and Southern California Edison – the cost of wildfire repayments, the utilities filed a lawsuit in the Federal...
CA Governor Grandstanding On PG&E Takeover Threat
AB 1054 was about saving the utility investors and stopping downgrades, but not stopping fires. The California mega-utility Pacific Gas & Electric filed for Chapter 11 Bankruptcy reorganization January 29, 2019. So it’s curious how Governor Gavin Newsom continues...
Lawsuit: California Utility Customers Forced to Bail Out Utilities for Wildfires They Cause
‘AB 1054 was enacted to serve the primary private purpose of bailing out investor owned utilities from the billions of dollars in damages from catastrophic wildfires they imprudently caused.’ A lawsuit filed in the Federal District Court in California...