Seth Klarman’s Baupost Group has been the poster child of the hedge fund industry’s ill-timed stock-market bets on the troubled utility PG&E Corp., which announced plans for bankruptcy. It turns out, though, that Baupost’s stock purchases, valued at $873 million …
California lawmakers are abandoning a proposal by Gov. Jerry Brown to shield electrical utilities from some financial liability for wildfires. For now. There’s not enough time to settle the contentious and complex issues involved before the legislative session ends Aug. …
California utility giants PG&E Corp. and Edison International are one step closer to changing a state law that has exposed them to billions of dollars in wildfire liabilities. Late Tuesday, California Governor Jerry Brown proposed a bill that would require …
California lawmakers may change the standard for determining whether utilities are liable for wildfire damage following the worst wildfire season in state history. Gov. Jerry Brown and legislative leaders said on July 2 that they are forming a special committee …
Utility giants PG&E Corp. and Edison International are facing billions of dollars in potential liabilities from devastating wildfires that broke out across California last year. For a look at how much they could end up on the hook for in …