PG&E – Page 4 – Thinking Port

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

September 9, 2019 admin bankruptcy, Business, California, Coal, courts, elliott corp., Gas, investors, Legal & Regulatory, Legislative, news, Nuclear, PG&E, pimco, Renewables, san francisco, wildfire fund, Wildfires

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

September 5, 2019 admin bankruptcy, bill johnson, Business, California, Chapter 11, Coal, Gas, gavin newsom, geisha williams, Legal & Regulatory, Legislative, news, Nuclear, PG&E, Renewables, wildfire fund, Wildfires

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

The post PG&E Seeking $14 Billion in Restructuring Plan appeared first on POWER Magazine.

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

August 2, 2019 admin bankruptcy, Business, Chapter 11, Coal, Gas, Legal & Regulatory, Legislative, news, Nuclear, PG&E, Renewables, san diego gas & electric, socal edison

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

June 2, 2019 admin bankruptcy, california department of forestry and fire protection, Coal, Commentary, cpuc, Gas, gas pipeline explosion, Legal & Regulatory, Nuclear, PG&E, Renewables, san bruno, Wildfire

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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News Vice

This Is Why California Will Keep Burning

April 17, 2019 admin California, climate change, environment, Features, Natural Disasters, PG&E, Wildfires

Credit to Author: Susie Cagle| Date: Wed, 17 Apr 2019 17:00:15 +0000

One massive utility company is responsible for many of the wildfires and dozens of deaths. Can we make our infrastructure stop killing us?

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Former TVA CEO Will Take the Reins at PG&E

April 4, 2019 admin bankruptcy, bill johnson, Business, CEO, Coal, Gas, hr, news, Nuclear, PG&E, Renewables, TVA, workforce

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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CEOs Say Preserving the Nuclear Power Fleet Is Imperative

March 27, 2019 admin aemo, audrey zibelman, Business, climate change, duke energy, Environmental, geisha williams, Legislative, lynn good, Markets, New Jersey, news, Nuclear, nuclear power plant, PG&E, pseg, ralph izzo

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 […]

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

March 25, 2019 admin Afghanistan, Business, court, courts, Environmental, Exelon, Gas, judge, Legal & Regulatory, news, notebook, Nuclear, nuclear subsidies, Pennsylvania, PG&E, siemens, stg-a45, three mile island, Wildfires

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 […]

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Should a Power Company Be Held Responsible for Wildfires?

March 1, 2019 admin bankruptcy, Business, calfire, California, camp fire, Commentary, courts, damage, lawsuit, Legal & Regulatory, liability, news, O&M, pacific gas and electric, PG&E, probation, Safety, T&D, Wildfire

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

February 12, 2019 admin California, climate change, Coal, Gas, gavin newsom, Legal & Regulatory, news, Nuclear, PG&E, Renewables, san diego gas & electric, Southern California Edison, Wildfires

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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