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July 3, 2024

Pacific Gas and Electric (PG&E)

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.
UPDATED: Court Won’t Endorse Letter to PG&E Fire Victims
Lawyers in PG&E’s bankruptcy case argued whether the court should approve a letter informing fire victims of potential flaws in a $13.5 billion settlement.
FERC Upholds Ruling in PG&E Interconnection Case
FERC rejected PG&E’s request to rehear a case where the commission ruled interconnection customers could be harmed by changes occurring outside boundaries.
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.
Judge OKs PG&E’s $23B Plan to Exit Bankruptcy
PG&E won approval for its bankruptcy exit plan, after Gov. Gavin Newsom dropped his objection in the face of the pandemic-caused stock market meltdown.
FERC Rejects RTO Incentive Adder Rehearing
FERC said it won’t rehear a case on whether Pacific Gas and Electric deserves a $30 million annual incentive adder for staying in CAISO.
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.
FERC Upholds Orders 860, 861
FERC denied multiple requests for rehearing and clarification of Orders 860 and 861, which concerned reporting requirements and screens for MBR sellers.

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