PG&E Corp. News

Judge Strips PG&E of Exclusive Control Over Recovery Plan

California power giant PG&E Corp. was stripped of its right to exclusively pitch a reorganization plan in court, escalating an already-heated battle over the largest utility bankruptcy in U.S. history. The shares dropped more than 25% in after-hours trading. U.S. …

PG&E Cuts Power to Half a Million in California on Fire Risk

PG&E Corp., the California utility giant forced into bankruptcy by devastating wildfires, has cut power to 513,000 customers in the first phase of its biggest-ever intentional blackout to keep power lines from sparking more blazes. The shutdowns in Northern California …

PG&E Attacks Rival Plan for Paying Fire Victims Before Insurers

PG&E Corp. and a group of insurers urged a judge to reject a competing reorganization plan for the bankrupt utility because the proposal would pay fire victims who lost their homes ahead of insurance companies and “unjustly enrich” bondholders including …

PG&E to Fire Safety Critics: We’re Going Beyond Call of Duty

PG&E Corp. sought to assure a judge it’s making progress on fire prevention, saying it’s exceeding regulatory requirements to clear vegetation from power lines. Kevin Orsini, a lawyer for the utility, on Tuesday acknowledged criticism from a court-appointed compliance monitor, …

PG&E Outside Inspectors Find Tree Hazards That Were Overlooked

PG&E Corp.’s court-appointed compliance monitor concluded the utility isn’t trimming trees that pose wildfire threats in high-risk areas of California and didn’t train its contractors properly. The monitor, Mark Filip, on Wednesday wrote to U.S. District Judge William Alsup, saying …

After Blazes Burn PG&E, California Passes Utility Fire Fund

California is establishing a fund totaling as much as $21 billion to help rescue utilities from a wildfire crisis that has in the past two years burned thousands of homes, left more than 120 people dead and led to the …