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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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 […]

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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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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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Fate of Diablo Canyon Nuclear Site In Play

Credit to Author: Aaron Larson| Date: Thu, 10 Jan 2019 14:37:38 +0000

The Diablo Canyon Decommissioning Engagement Panel (DCDEP) on Jan. 8 released its recommendations for the Diablo Canyon nuclear power plant and surrounding lands after the plant ceases operations in 2025. The panel—created to foster open and transparent dialogue between members of the local community and the plant’s owner Pacific Gas and Electric Co. (PG&E)—suggested a […]

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California Mandates 100% Renewable Energy

California Gov. Jerry Brown on September 10 signed into law a measure requiring the state to produce all its electricity from renewable sources by 2045. It’s a goal that also has been set by Hawaii and is being discussed by other states. Environmental groups and renewable energy advocates immediately praised Brown’s action. Utilities operating in […]

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