utility customers News

California Blackout Spreads as Cities Brace for Days in the Dark

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 …

Judge Strips PG&E of Exclusive Control Over Recovery Plan

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. …