PG&E To Use Funds For Wildfire Victims To Pay For Camp Fire CrimesPG&E is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can’t pay for its criminal liability in the deadly Camp Fire by taking money away from a fund set up to compensate victims for their losses.
PG&E Reaches Bankruptcy Deal With Gov. NewsomPacific Gas & Electric and California Gov. Gavin Newsom announced a deal Friday for the nation’s largest utility to emerge from bankruptcy triggered by massive liabilities from wildfires.
Court Approves PG&E's $23 Billion Financing Plan To Pay For California's Catastrophic WildfiresPG&E won court approval to raise $23 billion to help pay its bills over destructive California wildfires after Gov. Gavin Newsom dropped his opposition to a financing package designed to help the nation’s largest utility get out of bankruptcy.
Federal Judge Rips PG&E's Wildfire Mitigation Shortfalls, Demands It Hire More Tree TrimmersA federal judge scolded PG&E officials Wednesday, harshly criticizing them for falling short on the utility's wildfire mitigation plan and threatening to withhold their executive bonuses.
Pier 1 Imports Files For Bankruptcy Protection
California Gold-Rush-Era Newspaper Publisher McClatchy Files for BankruptcyMcClatchy, the publisher of the Sacramento Bee, Miami Herald and dozens of other newspapers, has filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks
PG&E Clears Another Bankruptcy Hurdle With Debt RefinancingA federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy, but the troubled utility still must navigate nettlesome obstacles from the state of California.
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.