Noteholders of PG&E Corp. and a committee for victims of the wildfires that pushed the power producer into bankruptcy filed a formal reorganization plan on Thursday for the company, proposing they get effectively all of its new shares. The plan, …
California Gov. Gavin Newsom said on Monday that utility Pacific Gas and Electric Co. should be held accountable for mismanaging last week’s widespread power shutoffs and urged the company to provide credits or rebates to affected customers. Separately, the California …
An unprecedented blackout that plunged millions of Californians into the darkness for days is over. And nobody can say when the next will hit. Even as PG&E Corp. declared an end to last week’s shutoffs – a deliberate move to …
A California dentist canceled dozens of appointments and supermarkets tried to save rotting food on Thursday as electricity was cut to over 600,000 homes and workplaces in a second day of planned power outages to cut wildfire risks. Pacific Gas …
Pacific Gas & Electric officials on Tuesday announced plans to cut off power to some 600,000 Northern California customers as a wildfire safety precaution. The outages are expected to begin early Wednesday depending on local timing of the severe wind …
A lawyer for the committee representing wildfire victims in the bankruptcy of PG&E Corp said at a hearing on Monday that the committee sees $13.5 billion as the cost to the power provider for paying claims of the victims. Cecily …
California is adopting nearly two dozen laws aimed at preventing and fighting the devastating wildfires that have charred large swaths of the state in recent years and killed scores of people. Democratic Gov. Gavin Newsom this week signed the 22 …
Pacific Gas & Electric cut power to 48,200 customers in seven counties in California’s Sierra Foothills and North Bay overnight because of high fire danger. The majority of those affected by the power outage, which took place around 2 a.m. …
California utilities are warning that they may shut off electricity to thousands of customers across the state as hot, dry and windy weather raises the risk of another catastrophic wildfire sparked by a power line. PG&E Corp., forced into bankruptcy …
PG&E Corp. and a group of insurers urged a judge to reject a competing reorganization plan for the bankrupt utility because the proposal would pay fire victims who lost their homes ahead of insurance companies and “unjustly enrich” bondholders including …
