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July 23, 2024

Pacific Gas and Electric (PG&E)

PG&E Announces Massive Shutdown to Prevent Wildfires
The escalating battle between bondholders and shareholders to control PG&E (NYSE:PCG) when it exits bankruptcy played out before Judge Dennis Montali.
Fearing Wildfires, PG&E to Cut Power to 800,000
PG&E [NYSE:PCG] will cut power to 800,000 customers in 34 northern counties beginning Wednesday morning to reduce wildfire risk during a severe wind event.
California Governor Signs Electricity, Wildfire Bills
California Gov. Gavin Newsom signed two dozen bills dealing with wildfire prevention and affecting the state’s electricity providers.
FERC Denies Rehearing over RTO Adders
FERC again upheld the RTO incentives it previously approved for Southern California Edison and PG&E, rejecting rehearing requests by California regulators.
Creditor Group Joins Call to End PG&E ‘Exclusivity’
A notable group of claimants has added its voice to the chorus of parties asking a judge to end PG&E’s exclusive right to offer a reorganization plan.
CPUC Adds RAMP Costs to Rate Case for 1st Time
The California PUC authorized costs for a new safety program as part of San Diego Gas & Electric and Southern California Gas' general rate case.
CPUC Opens Investigation of PG&E Bankruptcy Plan
The California PUC opened a formal examination into PG&E’s Chapter 11 reorganization plan, as bondholders trying to take over the utility upped the ante.
Lawyers Clash in PG&E Bankruptcy Hearing
Lawyers in the Pacific Gas and Electric bankruptcy case argued for hours over competing reorganization plans and how much the utility owes victims.
Judge to Hear PG&E Takeover Plan
The judge overseeing the PG&E (NYSE:PCG) bankruptcy will consider 2 reorganization plans: one from the company and one by bondholders and wildfire victims.
Electric Bills Go to California Governor
The California Legislature has passed four bills related to electricity, including one that could help shepherd the sale of PG&E’s San Francisco assets.

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