PG&E Bankruptcy
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.
The wildfire package that California Gov. Gavin Newsom asked lawmakers to push through cleared two key committees and sailed through the Senate.
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.
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.
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.
California's Commission on Catastrophic Wildfire Cost and Recovery recommended overturning the state’s liability standard for utility-sparked fires.
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.
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.
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.
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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