Report: Global Coal-Fired Generation Down 3%

Credit to Author: Darrell Proctor| Date: Tue, 26 Nov 2019 17:47:10 +0000

The post Report: Global Coal-Fired Generation Down 3% appeared first on POWER Magazine.

A report from a UK-based online journal that covers climate and energy policy said that coal-fired power generation worldwide will fall by 3% this year, to about 54% of global electricity output. The report from Carbon Brief, released Nov. 25, was written by researchers from climate research groups including the Centre for Research on Energy […]

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Judge: Court Will Consider Rival Proposal for PG&E Reorganization

Credit to Author: Darrell Proctor| Date: Thu, 10 Oct 2019 01:00:21 +0000

The post Judge: Court Will Consider Rival Proposal for PG&E Reorganization appeared first on POWER Magazine.

A federal bankruptcy judge on Oct. 9 ruled that Pacific Gas & Electric (PG&E), California’s largest utility, does not have the sole right to determine the terms of its reorganization. Judge Dennis Montali said those who support a rival proposal, which was devised by a group of the utility’s creditors, can have their plan considered. […]

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PG&E’s Reorganization Plan—Cap Wildfire Liabilities at $18 Billion

Credit to Author: Darrell Proctor| Date: Tue, 10 Sep 2019 00:03:33 +0000

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Pacific Gas & Electric (PG&E) wants to cap its liabilities from damages caused by California wildfires at about $18 billion, according to the reorganization plan filed by the bankrupt utility September 9 in federal court in San Francisco. The amount is less than half what creditors, including insurance companies and wildfire victims, say they are […]

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PG&E Seeking $14 Billion in Restructuring Plan

Credit to Author: Darrell Proctor| Date: Thu, 05 Sep 2019 18:52:37 +0000

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Pacific Gas & Electric (PG&E) reportedly will soon file a restructuring plan that includes more than $14 billion in equity commitments, as the utility looks to recover from billions of dollars in liabilities tied to its role in California wildfires that caused the company to file the largest utility bankruptcy in U.S. history. Bloomberg on […]

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PG&E Asks Bankruptcy Judge to Back Restructured Power Deals

Credit to Author: Darrell Proctor| Date: Fri, 02 Aug 2019 20:55:44 +0000

California utility Pacific Gas & Electric (PG&E) has asked the judge overseeing its bankruptcy case to support restructured deals with some of the utility’s power suppliers in an effort to reduce the price PG&E pays for those companies’ electricity. The fate of $42 billion worth of long-term power purchase agreements (PPAs) is a key component […]

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PG&E Bankruptcy Truly One-of-a-Kind

Credit to Author: POWER| Date: Sat, 01 Jun 2019 00:00:00 +0000

Numerous articles have boldly declared Pacific Gas and Electric (PG&E) to be the first of many climate change-related bankruptcies to come. The authors wag their fingers in caution at corporations across

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Former TVA CEO Will Take the Reins at PG&E

Credit to Author: Aaron Larson| Date: Thu, 04 Apr 2019 13:49:53 +0000

PG&E Corp. announced on April 3 the appointment of William “Bill” Johnson as the company’s new president and CEO. It also announced the appointment of 10 new directors to its board of directors. The board appointments will be effective as of the next in-person board meeting, which will be held as soon as practicable, the […]

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