Pacific Gas and Electric (PG&E)
California Gov. Gavin Newsom signed two dozen bills dealing with wildfire prevention and affecting the state’s electricity providers.
FERC again upheld the RTO incentives it previously approved for Southern California Edison and PG&E, rejecting rehearing requests by California regulators.
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.
The California PUC authorized costs for a new safety program as part of San Diego Gas & Electric and Southern California Gas' general rate case.
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 in the Pacific Gas and Electric bankruptcy case argued for hours over competing reorganization plans and how much the utility owes victims.
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.
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.
PG&E [NYSE:PCG] announced it had reached an $11B settlement agreement with nearly all the insurers trying to recoup their payments to victims of wildfires.
PG&E Corp. [NYSCE:PCG] filed a reorganization plan in U.S. Bankruptcy Court that includes $16.9 billion to pay for wildfire claims.
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