SAN FRANCISCO — Dry, windy weather posed an extreme wildfire risk Wednesday in Northern California, where massive blazes already have destroyed hundreds of homes and killed or injured dozens of people. The National Weather Service issued a red-flag warning for …
A wildfire ripping through Northern California’s wine country has more than tripled in size, forcing thousands of evacuations and endangering properties in a region devastated by blazes just three years ago. The Glass Fire north of San Francisco reached more …
It’s no longer just California shutting off power in high-risk fire zones. Oregon’s Portland General Electric Co. on Monday temporarily turned off power for about 5,000 customers near Mt. Hood, as California utility giant PG&E Corp. did the same in …
Silicon Valley workers previously enjoyed some of the most well-appointed offices in corporate America. Lunch was free, dry-cleaning was on site and the internet was lightning fast. Now that those workers have settled into their less glamorous home offices, they’re …
Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on insurance claims against PG&E Corp. connected to a series of deadly California wildfires, according to people with knowledge of the …
PG&E Corp. is finding it very costly to buy fire insurance after wildfires triggered by its power lines sent the company into bankruptcy and left it paying $25.5 billion for claims. It’s hoping customers will foot the bill. The San …
Less than a month after emerging from bankruptcy triggered by a string of devastating wildfires in 2017 and 2018, PG&E Corp. has now been found responsible for California’s biggest blaze of 2019. The California energy giant’s power lines sparked the …
On Oct. 8, 2017, sparks from private electric equipment set fire to the dry hills of Northern California’s wine country, but it was only once the flames jumped from the grasslands to densely packed Santa Rosa that the destruction intensified. …
Nearly a year and a half after collapsing under $30 billion in liabilities from wildfires sparked by its equipment, PG&E Corp. has emerged from the biggest utility bankruptcy in U.S. history. The California power giant said in a statement Wednesday …
PG&E Corp said its Chapter 11 reorganization plan has been confirmed by the United States Bankruptcy Court for the Northern District of California, bringing the power provider one step closer to emerging from bankruptcy and participate in a state-backed wildfire …