Insurers Offer Competing Plan to Rescue PG&E from Bankruptcy July 25, 2019 SAN FRANCISCO — Insurance companies contending that Pacific Gas & Electric owes them more than $20 billion from wildfire claims...
Philadelphia Energy Solutions Files for Bankruptcy after Refinery Fire July 22, 2019 By Laila Kearney and Jarrett Renshaw Philadelphia Energy Solutions (PES) filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in...
California Cities Ask Newsom to Remove Hurdles for PG&E Assets July 19, 2019 A new California law, a win for Governor Gavin Newsom, is intended to help utilities cover wildfire liabilities. But it’s...
PG&E Judge Demands Response to WSJ Report on Faulty Lines July 11, 2019 By Joel Rosenblatt PG&E Corp. was ordered by a federal judge overseeing its probation to respond to a Wall Street Journal story claiming...
PG&E, Edison May Not Get California Help on Fires by July 12 July 8, 2019 By Romy Varghese California’s biggest utilities — PG&E Corp., Edison International and Sempra Energy — may not get the help they need to...
California Regulator Considers Penalty Against PG&E for 2017 Wildfires July 1, 2019 California utilities regulator has opened a case to evaluate and consider penalties against power and gas utility PG&E Corp for...
PG&E Is Already Starting Fires Again, Just Weeks Into the Season June 28, 2019 By Mark Chediak Just a few weeks into California’s dry summer season, fires linked to Pacific Gas & Electric Corp. have already started...
Opioid Manufacturer Insys Files for Bankruptcy after Kickback Probe June 10, 2019 Drugmaker Insys Therapeutics Inc filed for bankruptcy protection on Monday amid mounting expenses driven by a U.S. Justice Department probe...
PG&E’s Power Suppliers Lose Contract Fight in Bankruptcy Court June 10, 2019 By Mark Chediak The power generators that supply bankrupt utility giant PG&E Corp. were dealt a major blow as a judge ruled that...
Bernard Madoff’s Wife Ruth Settles with Court-Appointed Trustee May 7, 2019 By Jonathan Stempel NEW YORK — Ruth Madoff, the wife of imprisoned swindler Bernard Madoff, agreed to pay $594,000 and surrender her remaining...