utility News

Team Investigating Deadly Calif. Fire Seizes PG&E Equipment

SAN JOSE, Calif. — Fire investigators looking into what caused a wildfire that killed four people in far Northern California have taken possession of equipment belonging to Pacific Gas and Electric, the utility has reported. PG&E said in a filing …

Power Company Plans Series Of Shutoffs To Prevent Wildfires

LOS ANGELES — One of California’s largest power companies announced Saturday it plans to temporarily shut off power to residents of 16 counties and a tribe to prevent wildfires sparked by electrical equipment. Pacific Gas & Electric Co. said it …

PG&E Fire Insurance Costs Skyrocket After Bankruptcy, Fires

PG&E Corp. is finding it very costly to buy fire insurance after wildfires triggered by its power lines sent the company into bankruptcy and left it paying $25.5 billion for claims. It’s hoping customers will foot the bill. The San …

PG&E Tries to Steer Judge Away From Fire Safety Crackdown

PG&E Corp. told a federal judge it opposes his proposals to intervene in the company’s wildfire prevention efforts after it admitted to not fully complying with the terms of its criminal probation. The bankrupt northern California utility’s pushback is a …

PG&E Surges on Plan for Board Overhaul in Bankruptcy Exit

PG&E Corp. shares jumped after the company outlined plans to overhaul its board of directors, bring in safety experts and create regional operating units in a broad reorganization proposal aimed at winning state approval for its bankruptcy exit. PG&E detailed …

Everyone’s Favorite Climate Solution Has a Fire Problem

The explosion ruptured the dusk settling over the desert in Surprise, Arizona. For hours, smoke had poured from a metal shed packed with lithium-ion batteries at a small electric substation. The batteries were tied to the electric grid, and somehow …

PG&E Judge Demands Details on Potential Wildfire Payout Conflict

Time is running out for PG&E Corp. to end the biggest-ever U.S. utility bankruptcy, so the company must set reorganization deadlines and explain a potential conflict in its multi-billion dollar payout proposal, a federal judge said Wednesday. U.S. Bankruptcy Judge …

PG&E Nearing Deal With Pimco, Elliott on Restructuring Plan

PG&E Corp. is nearing a deal with a group of bondholders led by Pacific Investment Management Co. and Elliott Management Corp. that would entitle them to a mix of equity and new debt if they scrap their rival restructuring plan, …

Financial Tug-of-War Emerges over Fire Victims’ Settlement

SAN FRANCISCO — A financial tug-of-war is emerging over the $13.5 billion that the nation’s largest utility has agreed to pay to victims of recent California wildfires, as government agencies jockey for more than half the money to cover the …

PG&E, Newsom Clash Over a Clause That May Allow State Takeover

A clause that would allow California to take over bankrupt utility giant PG&E Corp. under certain circumstances has emerged as a big sticking point in negotiations between the company and Governor Gavin Newsom. Newsom wants the power company to include …