PG&E bankruptcy – Page 4 – California Globe

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...

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...

Hundreds of Thousands PG&E Customers In Northern California Are Without Power Yet Again

November 20, 2019 4:52 pm

Less than 72 hours after an intense public grilling by the California Senate over the widespread planned power outages and general mismanagement by PG&E across Northern California, the utility company is yet again intentionally shutting off the lights. The latest...

CA Governor Grandstanding On PG&E Takeover Threat

November 15, 2019 2:19 pmNovember 18, 2019 6:20 am

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...

PG&E To Become A Public Utility Under Proposed Legislation

November 12, 2019 3:21 pm

Under a newly planned bill being written by Senator Scott Wiener (D-San Francisco), PG&E would become a public utility through the state of California. PG&E has faced public scrutiny for years, but recently in the past year, numerous events have...

Governor Newsom Meets PG&E Executives Face To Face Following State Takeover Threat

November 7, 2019 5:53 amNovember 7, 2019 6:09 am

After only four days following Governor Gavin Newsom’s threat to take over PG&E utilities, PG&E CEO Bill Johnson came to Sacramento to discuss the growing issues of the company. Johnson, as well as Chief Financial Officer Jason Wells and Chair...