PG&E News

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 …

California Probe Clears PG&E of Deadly 2017 Tubbs Wildfire

PG&E Corp. was cleared of blame for a deadly 2017 blaze just days before the California utility giant was set to file for bankruptcy to deal with crippling wildfire liabilities. And yet the company has given no indication that it’s …

PG&E Says Judge’s Proposals for Fire Risk Mitigation Could Cost up to $150B

Proposals by a U.S. judge to prevent Pacific Gas & Electric Co. equipment from causing more wildfires would endanger lives, could cost as much as $150 billion and would interfere with the work of federal and state regulators, the utility …

PG&E Stalls Paying Settlements to 2015 Butte Fire Victims

PG&E Corp. is so cash-starved that it won’t commit to paying settlements reached with people who lost their homes in a 2015 wildfire caused by a tree falling on a power line. The disclosure by a lawyer for the utility …

PG&E Bankruptcy Could Lead to Price Hikes, Unpaid Wildfire Lawsuits

Pacific Gas & Electric Co. said this week it will file for bankruptcy, raising concern that rates for electricity and gas will rise and victims of California wildfires who are suing the nation’s largest utility won’t get all the money …

Investors Ignored PG&E Warning About Disasters

PG&E Corp. told investors repeatedly that weather-related disasters were a risk, but many didn’t pay enough attention until the company was on the brink of bankruptcy. The company included warnings in its regulatory filings and offering prospectuses citing how disasters …

California Courts’ Take on Inverse Condemnation Doomed PG&E

As PG&E Corp. hurtles toward bankruptcy, a once-obscure legal doctrine with an awkward name certainly bears a portion of the blame. Known as inverse condemnation, it holds California utilities responsible for wildfire damage caused by their equipment – whether the …

Discovery of Outdoor Stove at Deadly 2017 Wildfire Site Could Impact Liability

PG&E Corp. said a camp stove was found near one of two spots where California officials have indicated utility equipment caused a deadly 2017 wildfire, raising the possibility that campers may have contributed to the blaze. California’s largest utility owner …