PG&E Corp., the bankrupt California utility giant, reported a $2.6 billion second-quarter loss and said it expects more charges this year tied to wildfires that devastated the state in 2017 and 2018. The company, which didn’t provide an outlook for …
PG&E Corp. told a judge it “strongly disagrees” with a Wall Street Journal storysuggesting that the utility knew its equipment near the ignition point of California’s deadliest wildfire badly needed upgrades and nonetheless deferred maintenance. The company’s response, filed Wednesday, …
SAN FRANCISCO — Insurance companies contending that Pacific Gas & Electric owes them more than $20 billion from wildfire claims want to take over the California utility and pull it out of bankruptcy. The insurers filed court documents Tuesday to …
Utility giants PG&E Corp. and Edison International are one step closer to getting California’s help in covering the costs of increasingly catastrophic wildfires that their equipment keeps igniting. The state Senate passed a bill late Monday that would create a …
California’s biggest utilities — PG&E Corp., Edison International and Sempra Energy — may not get the help they need to deal with multi-billion dollar wildfire liabilities before lawmakers adjourn July 12 for recess. Governor Gavin Newsom signaled that pending legislation …
Just a few weeks into California’s dry summer season, fires linked to Pacific Gas & Electric Corp. have already started to break out. More than 2,000 acres burned in Monterey County this week, with power lines blamed as the cause. …
It’s no secret that California Governor Gavin Newsom wants to create a fund that the state’s electric utilities can tap to cover the costs of catastrophic wildfires. Now, the utilities know what he wants in return. Based on a proposal …
PG&E Corp., the California utility giant that went bankrupt five months ago amid crippling wildfire liabilities, has reached a $1 billion settlement with local government agencies that were harmed by blazes its equipment ignited. The deal between PG&E and 14 …
Pacific Gas & Electric Corp. received approval Wednesday to establish a $105 million fund to help survivors of recent California wildfires started by the utility’s equipment. A federal judge overseeing PG&E’s bankruptcy case approved the utility’s wildfire assistance program to …
California investigators have determined that PG&E Corp.’s power lines ignited the deadliest blaze in state history, opening the door for more liabilities that the company has already warned may exceed $30 billion. A transmission line owned by PG&E sparked the …