PG&E Corp. News

PG&E Soars After Striking a $13.5 Billion Deal With Fire Victims

PG&E Corp. surged to a two-month high after reaching a $13.5 billion settlement with the victims of wildfires ignited by its power lines — a major step toward resolving the biggest utility bankruptcy in U.S. history. The agreement, announced late …

Growing Group Seeks Local Takeover of PG&E

More than 110 Northern California city and county officials representing the majority of bankrupt PG&E Corp.’s customers are proposing to turn the utility giant into a customer-owned cooperative. The coalition led by the city of San Jose includes officials from …

PG&E Is Near $13.5 Billion Deal With Wildfire Victims

PG&E Corp. is close to finalizing terms for a $13.5 billion payout to victims of wildfires ignited by its power lines, a key step toward resolving the biggest utility bankruptcy in U.S. history, according to people familiar with the matter. …

PG&E Could Have Prevented Deadly California Fire, State Says

Bankrupt utility giant PG&E Corp. for years failed to properly inspect and maintain its transmission system — an oversight that led a live wire to fall and ignite the deadliest blaze in California history last year, state investigators said. A …

PG&E Probing Whether Cables at Risk of Failing and Causing Fires

PG&E Corp. is trying to determine whether other jumper cables along its system may be susceptible to failure after one broke in October, minutes before the massive Kincade wildfire ignited in Northern California wine country. PG&E said it was looking …

California Faces Decade of ‘Unique’ Wildfire Blackouts

California utility PG&E Corp has imposed 10 intentional blackouts this year to reduce risks its power infrastructure could spark wildfires and said they will continue for a decade. PG&E initially said outages would happen only a couple of times a …

PG&E Cutting Power to 150,000 Customers in New Mass Blackout

PG&E Corp. is moving forward on cutting power to about 150,000 customers starting early Wednesday in the latest mass blackout designed to keep its power lines from igniting wildfires. The bankrupt utility is shutting off service to homes and businesses …

PG&E Warns 750,000 Californians More Blackouts May be Near

California utility giant PG&E Corp. said it may cut the lights to more than 750,000 people across Northern California as the National Weather Service posted “red flag” warnings for high winds across the region. The bankrupt power company said Tuesday …

PG&E Sees Up to $6.3 Billion in Costs From Fires, Bankruptcy

PG&E Corp., the California, that went bankrupt in January after its equipment sparked deadly wildfires, expects as much as $6.3 billion in after-tax costs from the blazes, its Chapter 11 case and the recent blackouts. The troubled power giant reported …

California Wine Country Fire Began Near Damaged PG&E Tower, 2,000 Flee

GEYSERVILLE, Calif. — A wind-driven wildfire that forced some 2,000 people to flee homes in Northern California’s wine country on Thursday erupted near the base of a damaged high-voltage transmission tower owned by Pacific Gas and Electric Co, utility and …