Camp Fire – Page 4 – California Globe

PG&E Settlement Passes on Wildfire Costs Increases to Ratepayers

December 24, 2019 7:33 amDecember 24, 2019 8:56 am

Fifty years ago in 1969, more than 30 million people in theNortheast suffered one of the largest power outages in U.S. history. Everything went dark. The blackout lasted 13 hours for many. The blackout spread from New York to Massachusetts,...

Bankruptcy Court Approves $24.5 Billion in PG&E Settlements

December 18, 2019 2:07 pmDecember 19, 2019 8:06 am

Two PG&E settlement deals worth a combined $24.5 billion to compensate wildfire victims and insurance companies was approved by a U.S. bankruptcy judge on Tuesday. After a long 5 hour hearing in San Francisco, Bankruptcy Judge Dennis Montali first approved...

Governor Newsom’s Approval No Longer Needed on PG&E Settlements

December 17, 2019 5:21 pmDecember 18, 2019 2:09 pm

PG&E removed a provision requiring the Governor to approve all settlements with wildfire victims on Monday. Meeting with wildfire victim representatives on Monday to come up with an agreeable settlement amount, both sides agreed to not allow the Governor to...

Gov. Gavin Newsom Rejects PG&E Settlement Offer Opening the Door to Bondholders

December 14, 2019 8:38 amDecember 16, 2019 6:43 am

California Gov. Gavin Newsom announced Friday he is rejecting a $13.5 billion settlement that Pacific Gas & Electric made just last week with wildfires victims from 2017 and 2018. Thousands of people lost homes and businesses in the Camp Fire,...

Proposed Settlements From Bondholders and Shareholders in PG&E Bankruptcy

December 9, 2019 2:10 amDecember 10, 2019 6:16 am

PG&E Corporation announced late Friday a proposed agreement to resolve all claims and pay wildfire victims of the 2018 Camp Fire in Paradise, and the October 2017 wine country fires in Northern California. The deal is expected to boost the...

PG&E’s Lack of Power Line Maintenance Found to be Cause of the Paradise Wildfire

December 3, 2019 6:05 pmDecember 3, 2019 6:06 pm

A report released Monday by the California Public Utilities Commission (CPUC) has found that a lack of power line maintenance by PG&E was the main cause of the 2018 Camp Fire. The report narrowed down the specific neglected area to...

PG&E Fails Attempt at Avoiding Billions of Dollars in Insurance Liabilities

November 30, 2019 2:05 amDecember 1, 2019 10:09 am

PG&E will be held accountable for the $11 billion settlement they had agreed to with insurance companies ruled a bankruptcy judge Wednesday. Inverse Condemnation U.S. Bankruptcy Court Judge Dennis Montali held up the legal principle of ‘inverse condemnation’, which holds...