California News

PG&E Fire Victims Warn Market Turmoil Endangers Their Settlement

Market turmoil from the coronavirus is spilling into the bankruptcy of California power giant PG&E Corp. Victims of wildfires blamed on PG&E’s equipment are concerned the sell-off on Wall Street could hobble stock payments that make up half of a …

PG&E to Plead Guilty to Involuntary Manslaughter for Fire

PG&E Corp. agreed to plead guilty to involuntary manslaughter in connection to the deadliest wildfire in California history. The bankrupt utility will pay $4 million in fines for its role in the 2018 Camp Fire, which was sparked by PG&E …

PG&E Wins Approval of $23 Billion Bankruptcy Financing Package

PG&E Corp. won bankruptcy court approval to use up to $23 billion in financing after California Governor Gavin Newsom dropped his opposition, clearing a crucial obstacle to the power company’s push to exit Chapter 11. U.S. Bankruptcy Judge Dennis Montali …

California Blackouts Boost Demand for Power Storage

Power cuts during California’s devastating wildfire season have boosted demand for combined solar panels and battery storage solutions as businesses look to mitigate economic damage from future blackouts. Billions of dollars in economic activity were lost from mass power shutoffs …

Earthquake Risk Prompts Order to Drain California Dam

SAN JOSE, Calif. — Worried that an earthquake could collapse a big dam south of San Francisco, officials have ordered its reservoir to be completely drained by October to reduce the risk of floodwaters spilling into Silicon Valley. The 240-foot …

PG&E Tries to Steer Judge Away From Fire Safety Crackdown

PG&E Corp. told a federal judge it opposes his proposals to intervene in the company’s wildfire prevention efforts after it admitted to not fully complying with the terms of its criminal probation. The bankrupt northern California utility’s pushback is a …

Helicopter Company in Kobe Bryant Crash not Certified to Fly in Poor Visibility

The charter company whose helicopter crashed and killed basketball star Kobe Bryant, his daughter and seven others on Sunday was not certified to fly in conditions requiring pilots to fly using only cockpit instruments, media reports said. Island Express Helicopters, …

PG&E Tries to Assure Strict Judge It’s Safer on Wildfires

PG&E Corp. told a federal judge who has kept the troubled utility under a tight leash that it’s close — but not fully on target — to complying with all the wildfire prevention measures required under its criminal probation. The …

FEMA Defends $4 Billion Claim With PG&E as Fire Victims Cry Foul

The Federal Emergency Management Agency on Monday defended its push to collect $3.9 billion in claims from PG&E Corp. for the relief it provided after the utility’s power lines sparked devastating wildfires. Wildfire victims have been fighting the payments to …

PG&E Fire Victims Fight FEMA Over Multibillion-Dollar Payout

Victims of wildfires blamed on PG&E Corp.’s power lines and government agencies that provided them disaster relief are tussling over a payout from the bankrupt utility. PG&E reached a settlement with fire victims to pay a total of $13.5 billion …