Gavin Newsom's 1st Year As Governor A 'Baptism By Fire'During his inaugural address last January, California Gov. Gavin Newsom made only a passing reference to wildfires and never mentioned PG&E. Both soon became inescapable topics.
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.
Gov. Newsom Rejects $13.5 Billion PG&E Bankruptcy SettlementGov. Gavin Newsom has rejected a bankruptcy reorganization plan that Pacific Gas and Electric reached just last week with thousands of wildfire victims, including a $13.5 billion settlement.
PG&E Shareholders, Bondholders Battle Over Future of Beleaguered UtilityThe battle to shape the future of the utility is playing out between two different groups: bondholders vs. shareholders.
PG&E Expects More Than $6 Billion In Wildfire Costs This YearPacific Gas & Electric is reporting substantial losses for the third quarter, driven by catastrophic wildfires that have been blamed on the utility's outdated transmission lines.
PG&E Fire Victims, Bondholders Offer Bankruptcy Exit PlanPacific Gas and Electric Co. bondholders and wildfire victims have joined forces and proposed their own reorganization plan.
PG&E Reaches $11 Billion Settlement With Wildfire Victims Pacific Gas & Electric and a group of insurers have reached an $11 billion settlement of claims from wildfire victims including those from last year's deadly Camp Fire that destroyed Paradise, the utility announced early Friday.
PG&E Plan Offers Billions To Victims, Others After WildfiresPG&E Corp. released a plan Monday to offer nearly $18 billion to victims, insurance companies and cities and local governments in Northern California that battled wildfires sparked by electrical equipment.
San Francisco Offers $2.5 Billion to Buy PG&E Electricity InfrastructureIn an effort to create a city-run electric utility in San Francisco, mayor London Breed and city attorney Dennis Herrera issued a statement Sunday outlining an offer to pay $2.5 billion to acquire Pacific Gas and Electric Co. power infrastructure serving the city.
PG&E Monitor: Inspectors Missing Potentially Hazardous Trees Near Power LinesA court-appointed monitor told a federal judge in San Francisco Wednesday that PG&E Co.'s tree inspectors are missing some trees that may be at risk of causing fires by falling on electric lines.
Victims Of 2017-18 Northern California Wildfires Can File Claims With PG&EPeople affected by wildfires in Northern California in 2017 and 2018 can file claims for housing assistance and other immediate needs with Pacific Gas & Electric Co.