PG&E Nearing Deal With Pimco, Elliott on Restructuring Plan January 15, 2020 By Scott Deveau and Steven Church PG&E Corp. is nearing a deal with a group of bondholders led by Pacific Investment Management Co. and Elliott Management...
PG&E, Newsom Clash Over a Clause That May Allow State Takeover December 19, 2019 By Scott Deveau and Mark Chediak A clause that would allow California to take over bankrupt utility giant PG&E Corp. under certain circumstances has emerged as...
PG&E Wins Court Sign-Off on Fire Deals, Now Faces Governor December 18, 2019 By Mark Chediak and Steven Church PG&E Corp. won court approval for two multibillion-dollar wildfire settlements that will serve as the centerpiece of the bankrupt utility...
PG&E Removes California Governor From $13.5 Billion Fire Deal December 17, 2019 By Mark Chediak Bankrupt utility giant PG&E Corp. has removed a requirement that California Governor Gavin Newsom sign off on its settlement with...
PG&E Plunges as It Races to Meet Governor Bankruptcy Demand December 16, 2019 By Mark Chediak PG&E Corp. shares plummeted after California Governor Gavin Newsom rejected its bankruptcy restructuring plan, forcing the company to make sweeping...
PG&E Soars After Striking a $13.5 Billion Deal With Fire Victims December 9, 2019 By Mark Chediak and Scott Deveau PG&E Corp. surged to a two-month high after reaching a $13.5 billion settlement with the victims of wildfires ignited by...
Growing Group Seeks Local Takeover of PG&E December 5, 2019 By Mark Chediak and David R. Baker More than 110 Northern California city and county officials representing the majority of bankrupt PG&E Corp.’s customers are proposing to...
PG&E Is Near $13.5 Billion Deal With Wildfire Victims December 4, 2019 By Mark Chediak and Scott Deveau PG&E Corp. is close to finalizing terms for a $13.5 billion payout to victims of wildfires ignited by its power...
PG&E Could Have Prevented Deadly California Fire, State Says December 3, 2019 By Mark Chediak Bankrupt utility giant PG&E Corp. for years failed to properly inspect and maintain its transmission system — an oversight that...
PG&E Probing Whether Cables at Risk of Failing and Causing Fires December 2, 2019 By Mark Chediak and Joel Rosenblatt PG&E Corp. is trying to determine whether other jumper cables along its system may be susceptible to failure after one...