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January 13, 2025

California

PG&E Settles with Bondholders; Governor Objects
PG&E settled with bondholders whose competing reorganization plan may have been the biggest threat to having its own Chapter 11 reorganization plan adopted.
California’s New Wildfire Board Holds First Meeting
California's Wildfire Safety Advisory Board held its first meeting, electing industry veterans as chair and vice chair and getting briefed by the PUC on its responsibilities.
Disasters Prompt California Rate Case Change
The California Public Utilities Commission decided to extend the general rate case cycle for the state’s investor-owned utilities from three years to four.
California PUC Devoting $1.2B to Self-generation
The California PUC approved $830 million in incentives for self-generation with the goal of benefiting disadvantaged customers who live in fire-prone areas.
FEMA Wants $4 Billion from PG&E in Bankruptcy
FEMA's claims that Pacific Gas and Electric owes it more than $3.9 billion have thrown the utility’s Chapter 11 case into disarray.
Newsom Budget Reiterates PG&E Takeover Threat
Gov. Gavin Newsom released an outline of his proposed 2020-2021 budget that included language reiterating his threat to take over Pacific Gas and Electric.
West Coast Pushes for Building Electrification
The electrification of buildings is receiving increased attention in 2020, as several cities consider banning using natural gas for heating and cooking.
PG&E Turmoil Will Occupy West Again in 2020
PG&E's bankruptcy looks likely to continue through the first half of 2020, while CAISO seeks to expand its EIM and meet reliability requirements.
CAISO’s 2020 Vision Anticipates Big Change
CAISO will have its work cut out in 2020, with a dozen major policy initiatives moving forward as well as heading off predicted electricity shortfalls.
Judge OKs PG&E Deals with Fire Victims, Insurers
PG&E scored major wins in its effort to emerge from Chapter 11 bankruptcy with its shareholders still in control of the utility.

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