PG&E bondholders – California Globe

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 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,...

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,...