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July 2, 2024

Pacific Gas and Electric (PG&E)

U.S. Forest Service
PG&E Value Lags as Dixie Fire Rages
The 900,000-acre Dixie Fire is preventing PG&E stock from rising much above $9/share, shorting a fire victims' trust funded with utility stock by $2.5 billion.
U.S. Forest Service
California PUC, Judge Pressure PG&E to Clear High-Risk Lines
The CPUC and the judge overseeing PG&E's probation are leaning on the utility to clear trees from lines that could start fires.
U.S. Forest Service/Lassen Natio
California PUC Orders Independent Safety Monitor for PG&E
California regulators ordered PG&E to hire an independent safety monitor for five years, rejecting the utility’s request for a shorter period of oversight.
U.S. Forest Service/Lassen Natio
Dixie Fire Explodes, Burns Historic Town
A massive wildfire that Pacific Gas and Electric equipment is suspected of causing exploded overnight and destroyed the historic gold rush town of Greenville.
U.S. Forest Service/Lassen Natio
PG&E Faces New Criminal Charges, Wildfire Liability
PG&E said the Dixie Fire burning in Northern California could hurt its finances but denied it committed crimes in starting last year’s deadly Zogg Fire.
PG&E
PG&E Proposes Undergrounding 10K Miles of Distribution
PG&E proposed burying 10,000 miles of distribution lines underground in high-threat fire areas of California.
Shutterstock
Western Drought Puts Hoover Dam Hydropower at Risk
Western drought has caused historically low water levels at hydropower facilities, including Lake Mead behind Hoover Dam and PG&E's major reservoirs.
PG&E to Sell San Francisco HQ for $800M
PG&E will sell its iconic San Francisco headquarters to real estate venture Hines Atlas US for $800 million.
CPUC Proposes Adding 11.5 GW of New Resources
The CPUC proposed requiring electric providers to procure 11.5 GW of new resources between 2023 and 2026 to meet the state’s reliability needs.
Orders Signal Wind-down of Western Energy Crisis Disputes
FERC issued a set of orders signaling the disputes around the Western energy crisis of 2000/01 might finally be winding down.

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