Pacific Gas & Electric News

PG&E, Edison May Not Get California Help on Fires by July 12

California’s biggest utilities — PG&E Corp., Edison International and Sempra Energy — may not get the help they need to deal with multi-billion dollar wildfire liabilities before lawmakers adjourn July 12 for recess. Governor Gavin Newsom signaled that pending legislation …

PG&E Is Already Starting Fires Again, Just Weeks Into the Season

Just a few weeks into California’s dry summer season, fires linked to Pacific Gas & Electric Corp. have already started to break out. More than 2,000 acres burned in Monterey County this week, with power lines blamed as the cause. …

If PG&E Wants Newsom’s Fire Aid, Here’s What It Has to Do

It’s no secret that California Governor Gavin Newsom wants to create a fund that the state’s electric utilities can tap to cover the costs of catastrophic wildfires. Now, the utilities know what he wants in return. Based on a proposal …

PG&E Reaches $1 Billion Wildfire Settlement With Local Agencies

PG&E Corp., the California utility giant that went bankrupt five months ago amid crippling wildfire liabilities, has reached a $1 billion settlement with local government agencies that were harmed by blazes its equipment ignited. The deal between PG&E and 14 …

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 …

California May Go Dark This Summer, and Most Aren’t Ready

A plan by California’s biggest utility to cut power on high-wind days during the onrushing wildfire season could plunge millions of residents into darkness. And most people aren’t ready. The plan by PG&E Corp. comes after the bankrupt utility said …

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 — …

Judge Orders PG&E to Hold Dividends to Pay for Efforts to Reduce Wildfire Risks

SAN FRANCISCO (Reuters) – A U.S. judge said on Tuesday that PG&E Corp cannot resume dividends and must use the money to reduce wildfire risk in California, stopping short of more costly measures he proposed earlier this year. The new …

PG&E Filings Show Key Power Line Safety Fix Delayed

Shares of PG&E Corp. fell about 3 percent after federal filings showed that the power utility had delayed a safety overhaul of a high-voltage transmission line, a prime suspect behind the deadliest wildfire in California history. The company filed for …