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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Should a Power Company Be Held Responsible for Wildfires?

Credit to Author: POWER| Date: Fri, 01 Mar 2019 00:00:00 +0000

If you’ve been following the news, you know that Pacific Gas and Electric Co. (PG&E) recently filed for Chapter 11 bankruptcy protection because it is facing tens of billions of dollars in liability for

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PG&E Files for Bankruptcy, Prepares to Reorganize

Credit to Author: Darrell Proctor| Date: Tue, 29 Jan 2019 15:29:16 +0000

California utility Pacific Gas and Electric (PG&E) filed for Chapter 11 bankruptcy on Jan. 29, as the company faces as much as $30 billion in potential liabilities for its role in a series of wildfires in the state. The filing was expected after the company notified its workers two weeks ago it was preparing a […]

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PG&E Stock Rises After Agency Says No Role in 2017 Fire

Credit to Author: Darrell Proctor| Date: Thu, 24 Jan 2019 22:10:53 +0000

Shares of beleaguered California utility Pacific Gas & Electric (PG&E) soared on Jan. 24 after a state agency said the company bore no responsibility for a 2017 wildfire in the state. A statement from the California Department of Forestry and Fire Protection (Cal Fire) on Thursday said, “After an extensive and thorough investigation, Cal Fire […]

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PG&E: Judge’s Proposal Could Cost Utility $150 Billion

Credit to Author: Darrell Proctor| Date: Thu, 24 Jan 2019 00:34:36 +0000

Pacific Gas & Electric (PG&E) on Jan. 23 said a federal judge’s proposal that the utility mitigate fire danger in its service territory by trimming trees, along with inspecting and repairing thousands of miles of power lines, could cost the company as much as $150 billion this year. William Alsup, a judge in the U.S. […]

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Alejano echoes security concerns over China takeover of Hanjin

Credit to Author: cbibe| Date: Tue, 15 Jan 2019 02:41:14 +0000

Alejano echoes security concerns over China takeover of Hanjin

Magdalo Rep. Gary Alejano warned about security implications of a possible Chinese takeover of Hanjin in Subic after declaring bankruptcy.

The post Alejano echoes security concerns over China takeover of Hanjin appeared first on Inquirer News.

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PG&E Says it Will File Chapter 11 Bankruptcy

Credit to Author: Darrell Proctor| Date: Mon, 14 Jan 2019 14:06:08 +0000

California utility PG&E Corp. on Jan. 14 gave its workers the state-required 15-day advance notice of its intent to file a Chapter 11 bankruptcy. The company on Monday said its electric and natural gas service to customers should not be impacted during its reorganization, which comes as PG&E faces billions of dollars in liabilities related […]

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Reports: PG&E Prepared to File Bankruptcy in Wake of Wildfires

Credit to Author: Darrell Proctor| Date: Mon, 14 Jan 2019 03:37:19 +0000

Reports on Jan. 13 said giant California utility PG&E Corp. could notify its workers as soon as Jan. 14 that it’s preparing to file for bankruptcy. Bloomberg on Sunday said the San Francisco-based utility, which faces billions of dollars in liabilities as investigations into its role in a series of deadly wildfires continues, will notify […]

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