EnvironmentHedge funds cash out billions in PG&E stock. Fire survivors suffer and wait.October 11, 2021PG&E is mired in debt. Rates are skyrocketing. Tens of thousands of survivors of fires sparked by the utility's equipment are waiting for promised compensation. Amid all this, there's one group that's simply walking away: Wall Street hedge funds.
EnvironmentPG&E Is Charged With Manslaughter In A California Wildfire That Killed 4September 24, 2021Pacific Gas & Electric was charged Friday with manslaughter and other crimes after its equipment sparked a Northern California wildfire that killed four people and destroyed hundreds of homes last year, prosecutors said.
EnvironmentPG&E Says It Will Bury 10,000 Miles Of Power LinesJuly 21, 2021Pacific Gas and Electric made the announcement in Chico days after the utility company reported to California regulators that their equipment may have been involved in sparking the Dixie Fire that has forced evacuations in Butte and Plumas counties.
State GovernmentPG&E To Plead Guilty To 84 Counts Of Involuntary Manslaughter Related To Camp FireMarch 23, 2020 | Chris HaganPacific Gas and Electric will plead guilty to 84 counts of involuntary manslaughter related to the 2018 Camp wildfire, the company announced Monday.
PG&E Announces $13.5 Billion Settlement With Victims Of Northern California WildfiresDecember 6, 2019The settlement is subject to approval by a bankruptcy court as part of the PG&E's Chapter 11 filing. It also covers claims from the 2015 Butte Fire and 2016 Ghost Ship Fire in Oakland.
Technology Meant To Detect Blackouts Could Help Prevent Wildfires In CaliforniaDecember 2, 2019A technology developed to detect power line problems before blackouts and bigger disasters could help prevent wildfires. It's being tested by PG&E and Southern California Edison, two utilities blamed for devastating wildland blazes in California.
Judge Rejects PG&E Challenge To California Law Requiring Utilities To Pay For Wildfire DamageNovember 27, 2019A federal bankruptcy court judge on Wednesday rejected Pacific Gas & Electric's latest attempt to change a California law requiring utilities to pay for the devastation from wildfires ignited by their electrical equipment.
PG&E Says Power Outage Credits Cost The Utility $65 MillionNovember 7, 2019Pacific Gas & Electric reported another huge loss on Thursday as the fallout from catastrophic wildfires blamed on its outdated transmission lines drive the bankrupt utility into a deeper hole.
As Newsom Meets With PG&E, Nearly A Dozen Mayors Propose To Make The Utility A Customer-Owned Co-OpNovember 5, 2019Mayors and local leaders from more than two dozen cities and counties endorsed a proposal to convert PG&E into a customer-owned cooperative.
State GovernmentCalifornia Seeks Quick Fix To Utility BankruptcyNovember 1, 2019(AP) — California Gov. Gavin Newsom said Friday that he wants to speed up the troubled Pacific Gas & Electric bankruptcy case so the company can be restructured in time for next year's wildfire season.
