inverse condemnation News

Judge Approves $105M Fund for California Wildfire Survivors

Pacific Gas & Electric Corp. received approval Wednesday to establish a $105 million fund to help survivors of recent California wildfires started by the utility’s equipment. A federal judge overseeing PG&E’s bankruptcy case approved the utility’s wildfire assistance program to …

PG&E Lines Tied to Deadliest California Fire in State Report

California investigators have determined that PG&E Corp.’s power lines ignited the deadliest blaze in state history, opening the door for more liabilities that the company has already warned may exceed $30 billion. A transmission line owned by PG&E sparked the …

A Month Out From Wildfire Season and PG&E Is Behind on Tree Work

California is just one month away from the official start of wildfire season and bankrupt utility giant PG&E Corp. is running behind on inspections, repairs and tree-trimming that was ordered up to reduce the risk of another devastating blaze. PG&E, …

PG&E Gets Approval to Pay Employees $350 Million to Meet Safety Goals After Wildfires

SAN FRANCISCO — PG&E Corp can pay employees up to $350 million in bonuses this year to spur them to help meet the bankrupt California power provider’s safety goals to prevent wildfires, a judge said on Tuesday. PG&E’s management has …

PG&E Caps Best Day Since Going Bankrupt on a California Fire Fix

Utility giant PG&E Corp. capped its best day since going bankrupt in January thanks to California’s governor. Gavin Newsom called on lawmakers on Friday to find a way to help the state’s utilities cover the costs of devastating wildfires — …

California Lawmakers Eyeing Catastrophic Wildfire Fund

Creation of a catastrophic wildfire risk pool is emerging as the most likely option as California lawmakers seek to protect the solvency of investor-owned utilities from record payouts for fire damages. PG&E filed for a bankruptcy reorganization this year, saying …

Other California Utilities Are Just a Wildfire Away From Ruin

The warning couldn’t have been clearer. As PG&E Corp. plunged into bankruptcy last month, S&P Global Ratings slashed credit grades almost to junk status for California’s two other big electric utilities, owned by Sempra Energy and Edison International, and said …

California Courts’ Take on Inverse Condemnation Doomed PG&E

As PG&E Corp. hurtles toward bankruptcy, a once-obscure legal doctrine with an awkward name certainly bears a portion of the blame. Known as inverse condemnation, it holds California utilities responsible for wildfire damage caused by their equipment – whether the …

Utility CEO Facing $17B in Fire Damages, Blames Climate Change

It was California’s biggest fire yet. In late July and August, wildfires devastated an area north of San Francisco far bigger than New York City, destroying more than 100 homes and injuring 2 fire fighters. It’s just one in a …

PG&E Says California Governor’s Fire Plan Not Enough

California Governor Jerry Brown issued a plan this week to help the state’s embattled utilities facing liabilities from wildfires. For PG&E Corp., it’s not good enough. “It’s insufficient,” PG&E Chief Executive Officer Geisha Williams said Thursday on the company’s second-quarter …