PG&E Scrambles to Renegotiate Wildfire Deal That Newsom NixedGov. Newsom's opposition to PG&E's restructuring plan a week after it struck a $13.5 billion settlement with fire victims is forcing the nation's largest utility to go back to the negotiating table and come up with a solution quickly.
PG&E's $13.5 Billion Deal With Fire Victims Removes Huge ObstaclesPG&E will be able to avoid two legal obstacles that could have tripped up its efforts to bounce back from bankruptcy if a $13.5 billion settlement with victims of catastrophic fires blamed on the utility's equipment is approved.
Sears, Kmart To Shut Down 4 Bay Area Locations In Latest Round Of ClosuresThe company that owns retailers Sears and Kmart announced that it plans to close nearly 100 stores nationwide by early next year, including four locations in the Bay Area.
PG&E Exec Meets With Gov. Newsom Amid Bankruptcy CaseCalifornia's governor called the chief executive of a troubled utility to his office on Tuesday for a closed-door meeting as the company struggles to emerge from a high-profile bankruptcy while facing criticism for its practice of shutting off power for millions of people to prevent wildfires.
Gov. Newsom Seeks Quick Fix To PG&E BankruptcyCalifornia Gov. Gavin Newsom said Friday that he wants to speed up the troubled Pacific Gas & Electric bankruptcy case so the company can be restructured in time for next year's wildfire season.
Insurers Offer Competing Plan To Rescue PG&E From BankruptcyInsurance companies contending that Pacific Gas & Electric owes them more than $20 billion from wildfire claims want to take over the California utility and pull it out of bankruptcy.
Cal Fire: PG&E Electrical Lines Triggered Deadly Camp FireThe deadly Camp Fire that roared through Paradise and other Butte County communities, killing 85, destroying 18,804 structures and charring 153,336 acres was caused by electrical transmission lines owned and operated by Pacific Gas & Electric Company, state officials announced Wednesday.
Bankruptcy Judge Allows PG&E To Pay Out $235 Million In Bonuses For 2019A federal bankruptcy judge in San Francisco on Tuesday approved a plan by PG&E Co. to pay up to 10,000 employees $235 million in bonuses for their work in 2019.
PG&E Pushes To Raise Ratepayers' BillsPG&E says it is asking state regulators for another increase in rates and profits. The funds would cover wildfire safety and attract investment as the utility goes through bankruptcy.
PG&E CEO Set To Receive $3M On First DayPG&E’s new CEO is set to make $3 million on his first day on the job Wednesday.
PG&E Names New CEO, 10 New Board MembersPacific Gas & Electric Corp. named Bill Johnson as its chief executive officer and president on Wednesday along with 10 new board members
PG&E Wants To Give $235M In Bonuses Amid BankruptcyPacific Gas & Electric Corp. is seeking a judge's approval to pay $235 million in bonuses to thousands of employees despite the San Francisco-based utility's bankruptcy.
PG&E: Company's Equipment May Have Ignited Camp FireThe embattled utility said Thursday it's taking a $10.5 billion charge for claims connected to the Camp Fire in its fourth quarter earnings.
PG&E To Reshape Board In Aftermath Of WildfiresHalf of the board at PG&E is unlikely to stand for re-election at the besieged San Francisco-based utility company that is reeling in the aftermath of last year's deadly California wildfires.
People Stiffed By Munchery Shutdown Target VC Firms To Demand PaymentWhen popular San Francisco-based meal delivery start-up Munchery shut down last week, customers, vendors and employees were caught by surprise.