PG&E Exits Chapter 11 Bankruptcy, Pays $5 Billion Into Wildfire FundPacific Gas & Electric has emerged from a contentious bankruptcy saga that began after its long-neglected electrical grid ignited wildfires in California.
SF City Attorney Challenge To PG&E's Bankruptcy Plan Questions New SurchargeSan Francisco City Attorney Dennis Herrera announced Friday his office has filed a legal protest against PG&E, accusing the utility of using a new ratepayer charge to raise $7.5 million in bankruptcy-related costs.
Confirmation Hearing Begins On PG&E's Plan For Exiting BankruptcyA multi-day confirmation hearing on PG&E's financial plan for emerging from its Chapter 11 bankruptcy began in federal bankruptcy court in San Francisco Wednesday.
PG&E Critic's Improper Email Delays Key Vote On Bankruptcy PlanState power regulators delayed a key vote on Pacific Gas & Electric's plan for getting out of bankruptcy Thursday after one of the utility's most outspoken critics sent an improper email attacking the company's proposal to pay wildfire victims.
PG&E Bankruptcy Plan Wins Support From Wildfire VictimsPacific Gas & Electric's plan for getting out of bankruptcy has won overwhelming support from the victims of deadly Northern California wildfires.
PG&E To Purge Most Of Board In Fallout From BankruptcyPG&E Corp. will sweep out three quarters of its board of directors to start with a mostly clean slate when it emerges from a bankruptcy case.
Judge Blasts PG&E Over Wildfire Prevention Effort; Orders Revamp Of Inspections, Record-KeepingA federal judge lambasted the ongoing efforts by Pacific, Gas and Electric to reduce fire hazards along its trasmission lines, ordering the utility to hire its own crew of tree inspectors and keep records of the age of every piece of equipment on its transmission towers and lines to prevent future catastrophic wildfires.
PG&E Drops Plan To Pay Camp Fire Fine From $13.5B Fund For Wildfire VictimsPG&E announced in San Francisco Monday that it has given up a controversial plan to pay a $4 million criminal fine to Butte County out of a proposed $13.5 billion trust to compensate wildfire victims.
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's Falling Stock Price Worries Fire Victims Eyeing Bankruptcy DealThe prospect of owning stock in the company that ruined their lives has never been popular among the victims, but it has become even more unsettling during the market upheaval.
Court Approves PG&E's $23B Bankruptcy Financing PackagePacific Gas & Electric on Monday 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.
PG&E Says It Has Settled One Battle Involving Wildfire FundPacific Gas & Electric told a federal bankruptcy judge Tuesday that it has settled a dispute with disaster-relief agencies.
PG&E Tells Court It Can't Commit To Expanding Tree-Trimming ForceLawyers for Pacific Gas & Electric said the utility can't commit to hiring hundreds more tree trimmers in the way that a federal judge wants.
PG&E Wildfires Fine Boosted To $2.1 Billion By State RegulatorsThe California Public Utilities Commission on Thursday proposed a $2.14 billion penalty against PG&E for its role in the catastrophic wildfires in the North Bay and Butte County in 2017 and 2018.
PG&E Banking On Big Profits After Utility Leaves BankruptcyPacific Gas and Electric says it expects to become more profitable than ever after it emerges from bankruptcy.