A lawsuit filed by 131 insurance companies alleges that negligence by the organization that operates Texas’ electrical grid and power companies caused electricity outages during the deep freeze last February that burst pipes and shut down power across the state …
The unprecedented power shutdown by California’s PG&E Corp. has spread deeper into cities near San Francisco, ensnaring millions of people and raising the prospect that much of a major metropolitan area could go days without electricity. The bankrupt utility began …
California power giant PG&E Corp. was stripped of its right to exclusively pitch a reorganization plan in court, escalating an already-heated battle over the largest utility bankruptcy in U.S. history. The shares dropped more than 25% in after-hours trading. U.S. …