PG&E News

PG&E Settles Wildfire Claims with Insurers for $11 Billion

PG&E Corp said on Friday it has reached an $11 billion settlement to resolve most claims by insurance carriers related to 2017 and 2018 wildfires in California. It is the second major settlement of wildfire claims by PG&E, and requires …

PG&E’s Plan to Cap Fire Liabilities at $18 Billion Draws Ire

California utility giant PG&E Corp. has issued its long-awaited plan for emerging from the largest utility bankruptcy in U.S. history: Raise debt, offer equity and cap wildfire liabilities that led to its collapse at $18 billion — less than half …

PG&E Judge Demands Response to WSJ Report on Faulty Lines

PG&E Corp. was ordered by a federal judge overseeing its probation to respond to a Wall Street Journal story claiming the utility knew its power lines could cause wildfires and failed to perform upgrades. PG&E “must provide a fresh, forthright …

A Month Out From Wildfire Season and PG&E Is Behind on Tree Work

California is just one month away from the official start of wildfire season and bankrupt utility giant PG&E Corp. is running behind on inspections, repairs and tree-trimming that was ordered up to reduce the risk of another devastating blaze. PG&E, …

PG&E Gets Approval to Pay Employees $350 Million to Meet Safety Goals After Wildfires

SAN FRANCISCO — PG&E Corp can pay employees up to $350 million in bonuses this year to spur them to help meet the bankrupt California power provider’s safety goals to prevent wildfires, a judge said on Tuesday. PG&E’s management has …

Prosecutors Decline to File Criminal Charges against PG&E for Wine Country Fires

An investigation into fierce wildfires that swept Northern California’s wine country in 2017, killing 46 people, found no basis to criminally charge PG&E, the utility whose power lines helped spark the conflagration, prosecutors said on Monday. The decision, which leaves …

Judge Orders PG&E Compliance With Fire Safety Laws

A federal judge is requiring PG&E Corp. to abide by rules governing how the utility operates its power lines in California, seeking to reform what he described as “dismal” management that led to a series of destructive fires over the …

Other California Utilities Are Just a Wildfire Away From Ruin

The warning couldn’t have been clearer. As PG&E Corp. plunged into bankruptcy last month, S&P Global Ratings slashed credit grades almost to junk status for California’s two other big electric utilities, owned by Sempra Energy and Edison International, and said …

San Francisco Gas Blast Shoots Fire Burning Buildings

A gas explosion in a San Francisco, Calif., neighborhood shot flames into the air for hours Wednesday and burned five buildings, sending panicked residents and workers fleeing into the streets. It took utility crews more than two hours to put …

Judge Sees ‘Clear-Cut Pattern’ of PG&E Causing Fires

A federal judge who has been critical of PG&E Corp.’s safety record said the utility has a “clear-cut pattern” of starting fires. U.S. District Court Judge William Alsup is overseeing PG&E’s probation for safety violations that led to felony convictions …