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

The post PG&E Bankruptcy Truly One-of-a-Kind appeared first on POWER Magazine.

Read more

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 […]

The post Former TVA CEO Will Take the Reins at PG&E appeared first on POWER Magazine.

Read more

CEOs Say Preserving the Nuclear Power Fleet Is Imperative

Credit to Author: Aaron Larson| Date: Thu, 28 Mar 2019 01:31:09 +0000

Several power-sector CEOs—appearing at the Bloomberg New Energy Finance (BNEF) Summit in New York this week—suggested that existing nuclear power plants should not be allowed to slowly vanish from the U.S. electricity grid under market pressure caused by cheap natural gas and the growth of renewable energy. The leaders submitted that nuclear power provides important […]

The post CEOs Say Preserving the Nuclear Power Fleet Is Imperative appeared first on POWER Magazine.

Read more

POWER Notebook: First Order for Novel Gas Turbine; Three Mile Island Accident Turns 40; PG&E Pushes Back on Judge’s Proposal

Credit to Author: Sonal Patel| Date: Tue, 26 Mar 2019 01:26:11 +0000

Siemens, Three Mile Island, and Pacific Gas and Electric (PG&E) made notable headlines over recent days. Here is this week’s POWER notebook.  Siemens Bags First Order for 41-MW Aeroderivative Gas Unit Siemens on March 25 said it received its first order for its newest aeroderivative gas turbine offering—the SGT-A45. The buyer, Bayat Power, a subsidiary […]

The post POWER Notebook: First Order for Novel Gas Turbine; Three Mile Island Accident Turns 40; PG&E Pushes Back on Judge’s Proposal appeared first on POWER Magazine.

Read more

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

The post Should a Power Company Be Held Responsible for Wildfires? appeared first on POWER Magazine.

Read more

California Governor Wants ‘Strike Team’ to Develop Utility Plan

Credit to Author: Darrell Proctor| Date: Tue, 12 Feb 2019 22:27:44 +0000

California Governor Gavin Newsom on February 12 said the state has formed a “strike team” as it works to develop plans to help not only utility ratepayers but also utility employees. The move comes in the wake of the bankruptcy filing by Pacific Gas & Electric (PG&E) as the state’s largest utility deals with its […]

The post California Governor Wants ‘Strike Team’ to Develop Utility Plan appeared first on POWER Magazine.

Read more

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 […]

The post PG&E Files for Bankruptcy, Prepares to Reorganize appeared first on POWER Magazine.

Read more

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 […]

The post PG&E Stock Rises After Agency Says No Role in 2017 Fire appeared first on POWER Magazine.

Read more

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. […]

The post PG&E: Judge’s Proposal Could Cost Utility $150 Billion appeared first on POWER Magazine.

Read more