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November 23, 2024

PG&E Bankruptcy

UPDATED: Calif. Wildfire Relief Bill Signed After Quick Passage
A bill intended to shore up California’s IOUs against wildfire liability raced through the state Legislature and landed on the desk of Gov. Gavin Newsom.
UPDATE: Calif. Lawmakers Rush to Pass Utility Wildfire Aid
The wildfire package that California Gov. Gavin Newsom asked lawmakers to push through cleared two key committees and sailed through the Senate.
PG&E’s Bondholders Push $30 Billion Investment Plan
A lawyer who filed a $30 billion plan by bondholders to bump PG&E (NYSE:PCG) out of bankruptcy urged the utility and the bankruptcy court to keep moving.
Judge Urges Appeals Court to Decide PG&E v. FERC
Bankruptcy Court Judge Dennis Montali certified his decision rejecting FERC's authority over PG&E's wholesale PPAs for direct appeal to the 9th Circuit.
‘FERC must be Stopped,’ PG&E Bankruptcy Judge Says
The federal judge overseeing PG&E’s bankruptcy case ruled that he retains sole oversight of PPAs the utility has said it may seek to reject.
Calif. Wildfire Panel Urges End to Strict Liability
California's Commission on Catastrophic Wildfire Cost and Recovery recommended overturning the state’s liability standard for utility-sparked fires.
FERC Denies PGE Rehearing over Contracts Dispute
FERC rejected PG&E’s request to rehear its ruling that it shares authority with a federal bankruptcy judge over any PPAs the utility might seek to modify.
Judge Puts off Decision in PGE v. FERC
A federal judge asked lawyers to find common ground in a case that pits Pacific Gas & Electric against FERC over billions in power purchase agreements.
Judge Sends Mixed Signals on PG&E Contract Dispute
The federal judge overseeing Pacific Gas and Electric’s bankruptcy case suggested he might prohibit the utility’s electricity suppliers from seeking FERC’s help with disputed contracts.
PG&E Lays out Billion-dollar Wildfire Plan
Pacific Gas and Electric proposed spending up to $2.3 billion on grid hardening, increased line inspections, and vegetation management to prevent wildfires.

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