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December 19, 2024

California wildfires

Fire Victims Challenge PG&E Deal as Vote Looms
The $13.5 billion settlement PG&E struck with wildfire victims may be in trouble, threatening one main component of the utility’s plan to exit bankruptcy.
PG&E to Plead Guilty to Killing 84 in Camp Fire
PG&E said it will plead guilty to 85 felonies stemming from the Camp Fire in November 2018, including 84 charges of involuntary manslaughter.
PG&E Deal with Gov. Allows for Utility’s Sale
PG&E cleared another hurdle in its bid to exit bankruptcy but the latest comes with a caveat: the state or a third-party bidder could buy the utility.
PG&E Resolves Dispute with Fire Victims, FEMA
FEMA dropped its claim to a chunk of the $13.5 billion trust PG&E plans to fund for wildfire victims, removing an obstacle to its exit from bankruptcy.
PG&E Tries to Put Bankruptcy Plan in Layman’s Terms
PG&E's bankruptcy could reach another milestone as the utility tries to explain its Chapter 11 reorganization proposal to fire victims and other parties.
CPUC President Wants More Control over PG&E
California PUC President Marybel Batjer receivership may be necessary if PG&E can’t provide safe service once it exits bankruptcy.
PG&E Reports $3.6 Billion Q4 Loss
PG&E reported multibillion-dollar losses in its quarterly and annual reports but expects sustainable financial performance after it emerges from reorganization.
California Bills Target PG&E, IOUs
California lawmakers have drafted a spate of bills since early January aimed at correcting perceived wrongs by PG&E and other investor-owned utilities.
What Spring Could Bring for PG&E
The countdown is on for P&GE's bankruptcy exit, which needs to happen for the utility to participate in an insurance fund to protect it from liabilities.
Judge Approves PG&E’s Deal with Bondholders
The federal judge in charge of PG&E’s Chapter 11 reorganization set a timeline for it to exit bankruptcy and approved its recent agreement with bondholders.

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