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 …
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 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. …
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 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 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 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 …
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 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 …
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 …