Latest PG&E Corp News

File - In this Dec. 3, 2018, file photo, are homes leveled by the Camp Fire line the Ridgewood Mobile Home Park retirement community in Paradise, Calif. A $13.5 billion settlement covering most of the losses from a series of catastrophic wildfires that drove Pacific Gas and Electric into bankruptcy is turning into a financial tug of war pitting the interests of U.S. taxpayers against the disaster victims still trying to rebuild their lives. (AP Photo/Noah Berger)

Judge threatens to force PG&E to hire more tree trimmers

Jan. 16, 2020 8:21 PM EST

SAN FRANCISCO (AP) — A federal judge on Thursday threatened to force Pacific Gas & Electric to hire more tree trimmers to reduce the chances of its electrical grid igniting fires in Northern California and adhere to a requirement imposed after the utility's natural gas lines blew up a neighborhood a...

UnitedHealth Group, BlackRock rise; Target, Nektar fall

Jan. 15, 2020 4:17 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday. UnitedHealth Group Inc., up $8.17 at $296.41. The nation's largest health insurer reported surprisingly good fourth-quarter profits. Target Corp., down $8.26 at $117. The retailer warned that a disappointing holiday shopping...

FILE - This Oct. 30, 2019, file photo, shows the charred remains of the Soda Rock Winery framed by the building's stone facade in the aftermath of the Kincade Fire near Healdsburg, Calif.  The Sonoma County Board of Supervisors voted Tuesday, Jan. 14, 2020, to hire two law firms to pursue legal action against Pacific Gas & Electric, the nation's largest utility. The action comes as PG&E is trying to dig out of a financial hole created by a series of catastrophic fires that have been blamed on the utility's outdated electrical system and managerial negligence. (AP Photo/Charlie Riedel, File)

Sonoma County prepares to sue PG&E for damages from fire

Jan. 15, 2020 2:27 PM EST

SONOMA, Calif. (AP) — A county in Northern California wine country is exploring plans to sue a utility over a massive wildfire last fall that caused losses of $725 million when combined with rolling power shutoffs. The Sonoma County Board of Supervisors voted Tuesday to hire two law firms to pursue legal...

FILE - In this Oct. 9, 2017, file photo, a firefighter walks near a flaming house in Santa Rosa, Calif. An Associated Press review shows widespread problems with the four “public safety power shutoffs” the utility started rolling out in 2018, a year before massive blackouts paralyzed much of California in recent months. Interviews and documents obtained under public records requests reveal persistent failures and broken promises that in some cases compromised public safety. (AP Photo/Jeff Chiu, File)

AP Exclusive: PG&E’s history with blackouts signaled trouble

Dec. 20, 2019 3:14 PM EST

SAN FRANCISCO (AP) — The state senators grilling the CEO of Pacific Gas & Electric Corp. were upset — like millions of other Californians, some spent days in the dark when the nation’s largest utility shut off power during windstorms this fall. The lawmakers demanded that the executive...

AP Exclusive: Early PG&E blackouts forewarned later problems

Dec. 20, 2019 1:03 AM EST

SAN FRANCISCO (AP) — The state senators grilling the CEO of Pacific Gas & Electric Corp. were upset — like millions of other Californians, some spent days in the dark when the nation’s largest utility shut off power during windstorms this fall. The lawmakers demanded that the executive...

FILE - In this Aug. 15, 2019, file photo, a Pacific Gas & Electric worker walks in front of a truck in San Francisco. Pacific Gas and Electric has reworked a $13.5 billion settlement with victims of deadly wildfires blamed on the utility to try to prevent it from unraveling after California Gov. Gavin Newsom rejected the company's financial rehabilitation plan. The revision discussed in a bankruptcy court hearing Tuesday, Dec. 17, 2019, removes a provision requiring Newsom to approve the deal as a key piece of PG&E's plan to emerge from bankruptcy protection by June 30. (AP Photo/Jeff Chiu, File)

Judge OKs nearly $25 billion for PG&E fire victims, insurers

Dec. 18, 2019 8:21 AM EST

SAN FRANCISCO (AP) — A federal bankruptcy judge on Tuesday approved two Pacific Gas & Electric settlements totaling $24.5 billion to help pay the losses suffered by homeowners, businesses and insurers in the aftermath of catastrophic Northern California wildfires that sent the nation’s largest...

Protesters block traffic on Beale Street where a Pacific Gas & Electric building is located in San Francisco, Monday, Dec. 16, 2019. Pacific Gas & Electric will have to quickly reshuffle its board of directors and redraw a complex plan addressing more than $50 billion in potential wildfire claims to gain Gov. Gavin Newsom's support in time to meet a fast-approaching deadline to emerge from bankruptcy protection. (AP Photo/Jeff Chiu)

PG&E, California governor face off in bankruptcy dispute

Dec. 16, 2019 7:27 PM EST

SAN FRANCISCO (AP) — Pacific Gas & Electric Co. will have to quickly overhaul a complex plan addressing more than $50 billion in wildfire claims to gain California Gov. Gavin Newsom's support in time to meet a make-or-break deadline for getting out of bankruptcy. That sobering reality hit PG&E late...

WPX, Children's Place rise; Boeing, PG&E fall on Wall Street

Dec. 16, 2019 4:43 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday: International Flavors and Fragrances Inc., down $13.98 to $120 The company is merging with a unit of DuPont in a deal valued at $26.2 billion. Boeing Co., down $14.67 to $327 The airplane maker fell following a report that it may...

FILE - In this Nov. 9, 2018 file photo, Pacific Gas & Electric crews work to restore power lines in Paradise, Calif.  California Gov. Gavin Newsom has rejected Friday, Dec. 13, 2019, a bankruptcy reorganization plan that Pacific Gas and Electric reached just last week with thousands of wildfire victims. Newsom says in a five-page letter to PG&E CEO William D. Johnson that the plan's most important elements are providing safe and reliable power to its customers. (AP Photo/Rich Pedroncelli, File)

California utility scrambles to renegotiate wildfire deal

Dec. 14, 2019 11:26 PM EST

SAN FRANCISCO (AP) — California Gov. Gavin Newsom's opposition to Pacific Gas & Electric's restructuring plan just a week after it struck a $13.5 billion settlement with fire victims is forcing the nation's largest utility to go back to the negotiating table and come up with a solution fairly quickly....

FILE - In this Nov. 9, 2018 file photo, Pacific Gas & Electric crews work to restore power lines in Paradise, Calif.  California Gov. Gavin Newsom has rejected Friday, Dec. 13, 2019, a bankruptcy reorganization plan that Pacific Gas and Electric reached just last week with thousands of wildfire victims. Newsom says in a five-page letter to PG&E CEO William D. Johnson that the plan's most important elements are providing safe and reliable power to its customers. (AP Photo/Rich Pedroncelli, File)

California governor rejects $13.5 billion PG&E settlement

Dec. 14, 2019 12:22 AM EST

SAN FRANCISCO (AP) — California Gov. Gavin Newsom has rejected a $13.5 billion settlement that Pacific Gas & Electric struck just last week with thousands of people who lost homes, businesses and family members in a series of devastating fires that drove the nation's largest utility into bankruptcy....