PG&E bankruptcy – Page 3 – California Globe

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...

Gov. Newsom Doubles Down on State Takeover of PG&E, Says Utility ‘No Longer Exists’

February 4, 2020 2:17 pmFebruary 6, 2020 7:23 am

“Exactly one year after PG&E Corp. filed for bankruptcy, Gov. Gavin Newsom said PG&E ‘no longer exists’ and doubled down on a state takeover if the utility doesn’t shape up by June 30,” the San Francisco Chronicle reported. The California...

PG&E Would Become a Public Utility Under Newly Introduced Bill

February 3, 2020 4:01 pmFebruary 6, 2020 7:24 am

California would take control of the bankrupt electrical provider PG&E under a new bill introduced in the Senate on Monday. Under the bill, introduced by Senator Scott Wiener (D-San Francisco), current shareholders of PG&E would be forced by California to...

Governor Newsom Reaffirms the State May Take Control of PG&E this Summer

January 30, 2020 6:46 pmJanuary 31, 2020 9:10 am

‘It has to to be completely re-imagined, completely transformed company. If PG&E can’t do it, we’ll do it for them.’ During a Public Policy Institute of California event on Wednesday, Governor Gavin Newsom confirmed that that California would takeover...

Senate Passes Bill that Makes PG&E Accountable for Blackout Damages

January 29, 2020 8:07 pm

After failing twice last year and barely squeaking by a Senate Committee vote several weeks ago, Senate Bill 378 has finally passed a Senate vote this week after several late amendments made it more palatable to Senators in Sacramento. Updated...

After Another Turmoltuous Year, PG&E Rates Are To Go Up in 2020

December 30, 2019 11:54 am

PG&E customers in California will see their average monthly bills go up between 1.5% and 2.7% beginning January 1st. The higher rates come after another difficult year for PG&E. Following the aftermath of the November 2018 Paradise wildfire, which killed...