Tag: Pacific Gas and Electric Co

Judge Expected to Approve PG&E Plan to Resolve Bankruptcy

A federal judge on Friday is expected to approve Pacific Gas & Electric’s plan to exit bankruptcy, a crucial step in efforts to overhaul a utility whose equipment was involved in some of the worst wildfires to ravage California in recent years. If the judge confirms PG&E’s bankruptcy plan before the end of June, the […]

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PG&E Ordered to Pay $3.5 Million Fine for Causing Deadly Fire

A California judge ordered Pacific Gas & Electric on Thursday to pay a $3.5 million fine for causing the Camp Fire, the blaze that killed scores of people and destroyed the town of Paradise in 2018. Judge Michael R. Deems of Butte County Superior Court read the sentence after hearing statements from survivors of the […]

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PG&E Pleads Guilty in 84 Deaths Caused by Camp Fire

Marie Wehe, a grandmother, widow and cancer survivor, died in her truck on Nov. 8, 2018, while trying to escape the Camp Fire, an inferno that started when a transmission line broke from a nearly-100-year-old Pacific Gas & Electric Tower. She was one of scores killed in California’s most devastating wildfire. In a rare acknowledgment […]

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PG&E to Plead Guilty in 84 Deaths Caused by Camp Fire

California’s most devastating wildfire started in 2018 when a transmission line broke from a nearly-100-year-old Pacific Gas & Electric tower, killing scores and destroying the town of Paradise. On Tuesday, the company is expected to plead guilty to 84 counts of involuntary manslaughter in a rare acknowledgment of corporate wrongdoing. PG&E, which had repeatedly failed […]

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California Regulators Back PG&E Bankruptcy Plan

California regulators on Thursday approved a plan that would allow the state’s biggest utility, Pacific Gas & Electric, to emerge from the bankruptcy case it filed last year, clearing the last major hurdle the company faced. The California Public Utilities Commission, whose approval is needed when utilities’ bankruptcy reorganization plans will require ratepayer funds, voted […]

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PG&E Says Wildfire Victims Back Settlement in Bankruptcy

The deal requires the power company to begin compensating, as early as August, those who lost homes, businesses and other property. About 70,000 wildfire victims filed claims. The vote helps clear one of the last major hurdles PG&E faces in restructuring its debts. The company is trying to resolve its bankruptcy by June 30 to […]

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PG&E Chief Executive to Retire in June

Pacific Gas & Electric said on Wednesday that its chief executive, Bill Johnson, would retire at the end of June after seeing the troubled company through its bankruptcy. Mr. Johnson, a utility industry veteran, joined PG&E last May after it was forced to seek bankruptcy protection because of billions of dollars in claims from wildfires […]

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Wildfire Victims Push to Reopen $13.5 Billion Deal With PG&E

Four months ago, Pacific Gas & Electric seemed poised to emerge from bankruptcy after reaching a $13.5 billion settlement with tens of thousands of people who lost homes in wildfires started by the utility’s equipment. Investors cheered that agreement, bidding up the company’s share price by nearly 40 percent. But the deal now appears to […]

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PG&E Will Plead Guilty to Manslaughter in Camp Fire

ImageThe Camp Fire burning along a ridge in Northern California in 2018.Credit…Noah Berger/Associated Press Pacific Gas & Electric, California’s largest utility, said Monday that it had agreed to plead guilty to involuntary manslaughter in connection with the Camp Fire, the state’s deadliest wildfire. California regulators determined last year that PG&E’s equipment caused the fire, which […]

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PG&E Has a Survival Plan, and Newsom Has Plan B: A Takeover

Ferocious wildfires have inflicted several years of death and destruction on California. But they have also presented the state with an opportunity to radically overhaul the company prominently implicated in the fires, Pacific Gas & Electric. The most powerful proponent of far-reaching changes, Gov. Gavin Newsom, is threatening a state takeover if the giant utility […]

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A Late Push to Find Wildfire Victims Doubles PG&E Claims

A deadline extension and an aggressive effort to track down victims have doubled the number of damage claims against Pacific Gas & Electric over California wildfires started by its equipment. A filing Tuesday related to the giant utility’s bankruptcy case said more than 80,000 people were now seeking to tap into a relief fund projected […]

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