The stock market turmoil triggered by the coronavirus pandemic is raising worries that Pacific Gas & Electric’s $13.5 billion settlement with victims of catastrophic wildfires may be worth far less by the time the beleaguered company emerges from bankruptcy. A …
Predictive data and analytics firm Jupiter has received a $1 million grant from the Moore Foundation to accelerate deployment of its FireScore Operations service, a wildfire threat and intelligence platform to make it available for public safety entities throughout California. …
A deadly wind-driven wildfire that raged across the northern edge of Los Angeles last week started near the base of high-voltage transmission tower owned by electric utility Southern California Edison, company and fire officials said on Monday. The company, a …
Burning trash dumped by a garbage truck caused a fire that by early Friday had destroyed dozens of homes in California’s Riverside County, fire officials said, as wildfires across the state led to power cuts for hundreds of thousands of …
Gov. Gavin Newsom defended California’s wildfire prevention efforts this week while criticizing the federal government for not doing enough to help protect the state as it enters the height of fire season after two deadly, disastrous years. His jab at …
A California utility agreed Tuesday to pay $1 billion to 14 local governments to cover damages from a series of deadly wildfires caused by its downed power lines. The settlement is a sliver of the more than $30 billion in …
Travelers Cos. is strengthening its wildfire-defense efforts after deadly blazes swept through California last year. The insurer is adding a service to all of its California home and landlord policies, helping customers prepare their property for a fire by different …
State fire investigators have determined that transmission lines owned by Pacific Gas & Electric Co caused the deadliest and most destructive wildfire on record in California, a blaze that killed 85 people last year, officials said on Wednesday. The wind-driven …
The warning couldn’t have been clearer. As PG&E Corp. plunged into bankruptcy last month, S&P Global Ratings slashed credit grades almost to junk status for California’s two other big electric utilities, owned by Sempra Energy and Edison International, and said …
California fire investigators last week concluded that a major 2017 wildfire was caused by privately owned electrical equipment, prompting the state’s new governor to estimate that PG&E Corp’s potential wildfire liabilities could be almost cut in half. Investors in the …
