PG&E Public Utility – California Globe

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),...

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 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...

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...