Tag: Pacific Gas and Electric Co

Home in Ashes, They’re Forced to Fight for Share of PG&E Money

Neil and Kathinka McKeown’s home in Calaveras County, Calif., burned down in a 2015 wildfire that regulators believe started when a power line made contact with a tree. Late last year, they thought they were finally close to rebuilding after reaching a seven-figure settlement with Pacific Gas & Electric, whose line was involved. But PG&E […]

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PG&E Says It Probably Caused the Fire That Destroyed Paradise, Calif.

Pacific Gas & Electric said Thursday that its equipment probably caused the Camp Fire, the catastrophic November blaze that destroyed thousands of homes in Paradise, Calif., and killed at least 86 people. PG&E, which filed for bankruptcy protection in January, said it had recorded a $10.5 billion charge in anticipation of damage claims for that […]

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The Political Playbook of a Bankrupt California Utility

SAN FRANCISCO — Eight years ago, federal investigators announced that a “litany of failures” by California’s largest utility had caused a massive gas explosion that killed eight people, injured 58 and incinerated a neighborhood in the San Francisco suburb of San Bruno. Two days after that announcement, under blue skies at a baseball diamond on […]

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The Very High Costs of Climate Risk

Before the catastrophic Camp Fire destroyed Paradise, Calif., the Pacific Gas and Electric Company was worth more than $25 billion. Now it’s C.E.O. has stepped down and the company, which provides natural gas and electricity to 16 million people in California, has filed for bankruptcy as it confronts billions of dollars in potential liability claims […]

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PG&E Files for Bankruptcy Protection in Face of Large Wildfire Liabilities

LOS ANGELES — Pacific Gas and Electric, the largest electric utility in California, filed for bankruptcy protection on Tuesday in anticipation of billions of dollars in liability claims for two years of wildfires. PG&E, which faces damage claims estimated at tens of billions of dollars for wildfires started by its equipment, said this month that […]

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PG&E Cleared in a Deadly 2017 Fire, Lifting Financial Outlook

LOS ANGELES — Pacific Gas and Electric Company, facing a bankruptcy filing because of its potential wildfire liabilities, has been cleared of responsibility for a giant 2017 fire in Northern California, brightening the company’s financial outlook. The California Department of Forestry and Fire Protection said Thursday that private electrical equipment was responsible for starting the […]

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PG&E Bankruptcy Could Deal Blow to Its Solar-Power Suppliers’ Finances

LOS ANGELES — Pacific Gas and Electric promises that its customers’ lights will stay on if it follows through on plans to file for bankruptcy this month. But companies that supply the California utility’s electricity may have more to worry about. PG&E said Monday that it would use bankruptcy to resolve huge liabilities arising from […]

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Utility Company PG&E Plans Bankruptcy Filing Over California Wildfires

LONDON — Pacific Gas and Electric Company, which has been struggling with a financial crisis stemming from California’s historic wildfires, intends to file for Chapter 11 bankruptcy protection by the end of the month, according to a regulatory filing. The company, which is the largest investor-owned utility in California, said it faced an estimated $30 […]

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PG&E Chief Is Out as Utility Faces California Fire Liability

LOS ANGELES — Pacific Gas and Electric Company announced the departure of its chief executive Sunday as it remained besieged by a financial crisis related to California’s historic wildfires. PG&E said the company had initiated a search to replace the top official, Geisha Williams, who had led the utility since 2017. It said John Simon, […]

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As Fires Ravaged California, Utilities Lobbied Lawmakers for Protection

LOS ANGELES — As California’s deadliest wildfire was consuming the town of Paradise in November, some of the state’s top power-company officials and a dozen legislators were at an annual retreat at the Fairmont Kea Lani resort on Maui. In the course of four days, they discussed wildfires — and how much responsibility the utilities […]

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California Utility Gets Reassurance on Wildfire Liability

After its stock plummeted over its possible role in California’s deadly wildfires, the state’s largest utility won back some investor confidence on Friday after its chief regulator offered a backstop. Shares in the company, Pacific Gas and Electric Company, which serves most of the state’s northern half, had plunged over concerns that it could face […]

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California Fire Liability Poses Threat to PG&E, a Major Utility

As wildfires ravage large swaths of California for a second year, one of the state’s biggest utilities has declared that it faces billions of dollars in potential liability — far more than its insurance would cover. The potential losses could leave the company’s customers on the hook to pay the bill, exposing businesses and consumers […]

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Blackouts Criticized as Utilities’ Self-Protection When California Fire Risk Is High

LOS ANGELES — With devastating wildfires becoming more frequent in California, power companies have found themselves on the defensive. Their equipment has been singled out as a frequent culprit. Now, to reduce the hazard, they are pulling out a rarely used tool: the blackout. Power for tens of thousands of Northern Californians was cut Sunday […]

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To Avoid More California Wildfires, a Utility Tries Shutting Off the Power

Several of the wildfires that left stunning damage while ripping across California wine country last fall were caused by power lines, poles and other equipment owned by Pacific Gas and Electric Company. So as weather conditions ripened for another blaze on Sunday, the utility — which has already been blamed for billions in fire damage […]

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