PG&E bankruptcy Archives - California Globe

PG&E Exits Bankruptcy

July 2, 2020 2:07 pmJuly 3, 2020 9:27 am

On Wednesday, Pacific Gas & Electric (PG&E) officially exited bankruptcy, ending over one and a half years of bankruptcy and emerging as a company under completely new rules and managing personnel. PG&E had been in financial and legal trouble since...

PG&E Public Utility ‘Backstop’ Bill Passes Senate, Awaits Newsom’s Signature

June 30, 2020 2:20 pmJune 30, 2020 3:19 pm

On Monday, the Senate passed a bill that would turn PG&E into a non-profit, public utility should the company fail to emerge from bankruptcy. A possible state takeover of PG&E Senate Bill 350, authored by Senator Jerry Hill (D-San Mateo),...

Will Green Microgrids Reduce Deadly Fires and Brownouts?

June 29, 2020 12:20 pmJune 29, 2020 1:07 pm

92 percent of firestorms in California are not caused by downed power lines. The California Public Utilities Commission by law restricts implementation of the safest, cheapest and fastest option of mobile natural gas power plants to lessen the risk...

PG&E Pleads Guilty To 84 Deaths In 2018 Camp Fire

June 16, 2020 3:02 pmJune 16, 2020 8:34 pm

On Tuesday, utility provider Pacific Gas & Electric (PG&E) entered a guilty plea for 84 felony counts of involuntary manslaughter over 84 people dying during the 2018 Camp Fire. 84 counts of involuntary manslaughter PG&E executives confessed to the companies...

CPUC Approves PG&E Chapter 11 Reorganization Plan

May 29, 2020 1:53 amMay 28, 2020 9:56 pm

On Thursday, the California Public Utilities Commission (CPUC) approved PG&E’s Chapter 11 plan of reorganization, paving the way for the utility company to come out of bankruptcy before the June 30th deadline. CPUC approves PG&E’s plan on leaving Chapter 11...

PG&E To Pay Camp Fire Victims $13.5 Billion and Plead Guilty to 84 Counts of Involuntary Manslaughter

March 24, 2020 6:31 amMarch 25, 2020 11:32 am

On Monday, Pacific Gas and Electric plead guilty to 84 counts of involuntary manslaughter and one count of unlawfully starting the 2018 Camp Fire. One count for each victim PG&E also agreed to pay victims of the 2018 Camp Fire,...

PG&E Would Be Barred from Making Political Donations in New Bill

February 6, 2020 2:36 pmFebruary 7, 2020 8:54 am

On Wednesday, a new bill that would make campaign contributions from the utility company PG&E illegal was introduced in the Assembly in Sacramento. Assembly Bill 2079, authored by Assemblyman Kevin Kiley (R-Rocklin), would bar PG&E from donating to any state...