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November 19, 2024

Gavin Newsom

Governor Signs PG&E ‘Plan B’ Takeover Bill
PG&E said it had completed its bankruptcy restructuring, one day after California enacted a law allowing the state to take over the utility if it fails to obey PUC rules.
PG&E Says Most Board Members Will Leave
PG&E Corp. said as part of its first-quarter earnings report that 11 of its 14 directors would be leaving its board.
PG&E CEO Johnson Says He’ll Step Down
PG&E Corp. CEO Bill Johnson announced he would retire at the end of June, by which time the utility is hoping to exit bankruptcy.
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.
Newsom Reappoints 2 CAISO Governors
Gov. Gavin Newsom reappointed Ashutosh Bhagwat and Angelina Galiteva to their fourth three-year terms on the CAISO Board of Governors.
CPUC Proposes New Power Shutoff Guidelines
The California PUC issued proposed guidelines for utilities to follow when intentionally blacking out areas to prevent equipment from starting wildfires.
PG&E Tries to Appease Governor with New Plan
PG&E offered the most detailed versions yet of its plans to emerge from bankruptcy in filings with the California PUC and the U.S. Bankruptcy Court.
A Year Later, PG&E Close to End of Bankruptcy
Lawyers representing shareholders, fire victims and the government are still wrangling to secure a share of the multibillion-dollar pot PG&E will pay out.
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.
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.

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