The California PUC approved a settlement with PG&E that imposes penalties of more than $1.9 billion for safety and maintenance lapses that led to wildfires.

PG&E Corp. said as part of its first-quarter earnings report that 11 of its 14 directors would be leaving its board.

The judge overseeing PG&E’s bankruptcy rebuffed the utility’s request to quickly approve agreements signed between it, fire victims and government agencies.

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.

The judge in the PG&E bankruptcy case prohibited the utility from paying its criminal fines from a trust fund meant to compensate fire victims.

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.

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.

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 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.

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.