Hedge Funds Buy Almost $500 Million in Claims From PG&E Vendors August 14, 2019 By David R. Baker and Dawn McCarty Bankrupt utility giant PG&E Corp. owes a lot of money to a lot of businesses. A tree-trimming service. A California...
PG&E Says It Will File Reorganization Plan in Less Than a Month August 13, 2019 By Mark Chediak and Scott Deveau PG&E Corp. says it expects to file its plan for reorganization with the bankruptcy court by Sept. 9 and sees...
PG&E Posts $2.6 Billion Loss Stemming From Bankruptcy, Wildfires August 9, 2019 By Mark Chediak PG&E Corp., the bankrupt California utility giant, reported a $2.6 billion second-quarter loss and said it expects more charges this...
PG&E Disagrees With WSJ Story Over Power Line Upgrades August 1, 2019 By Joel Rosenblatt and Mark Chediak PG&E Corp. told a judge it “strongly disagrees” with a Wall Street Journal storysuggesting that the utility knew its equipment...
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...