Latest PG&E Corp News

FILE - This Dec. 3, 2018, file photo, shows homes leveled by the Camp Fire line at the Ridgewood Mobile Home Park retirement community in Paradise, Calif. Pacific Gas & Electric's proposal to pay $25.5 billion for a series of deadly Northern California wildfires ignited by its equipment faces a last-ditch effort to persuade a judge to reject the plan to get the nation's largest utility out of bankruptcy. (AP Photo/Noah Berger, File)

PG&E critics urge judge to reject utility's bankruptcy plan

Jun. 4, 2020 6:37 PM EDT

SAN RAMON, Calif. (AP) — Pacific Gas & Electric's proposal to pay $25.5 billion for a series of deadly Northern California wildfires ignited by its equipment faced a final barrage of resistance from critics Thursday, who told a federal judge that the plan will do more to enrich savvy investors than...

FILE - In this Feb. 11, 2020, file photo, a Pacific Gas & Electric truck leaves the company's Oakland Service Center in Oakland, Calif. PG&E's chief financial officer, Jason Wells, is expected to face questions Thursday, May 28 about the company's plan to nearly double its debt to almost $40 billion to finance its payments to wildfire victims, insurers and government agencies in the second day of the company's bankruptcy trial. Meanwhile, the Public Utilities Commission will vote on the bankruptcy plan. (AP Photo/Ben Margot, File)

Regulators approve PG&E bankruptcy plan despite safety fears

May. 28, 2020 7:09 PM EDT

BERKELEY, Calif. (AP) — California power regulators on Thursday unanimously approved Pacific Gas & Electric's $58 billion plan for getting out of a bankruptcy caused by a series of deadly wildfires, despite ongoing worries about the utility's ability to safely operate its crumbling electrical grid. The...

FILE - In this Dec. 3, 2018, file photo, a vehicle rests in front of a home leveled by the Camp Fire in Paradise, Calif. An effort to block Pacific Gas and Electric's path out of bankruptcy kicked off the trial Wednesday, May 27, 2020, on the plan in bankruptcy court as critics of the utility questioned whether the overwhelming vote in favor of the plan by wildfire victims was tainted by conflicts of interest and shoddy counting. PG&E's plan won support last week in a landslide, with victims overwhelmingly backing PG&E's $58 billion proposal to emerge from bankruptcy after 18 months. (AP Photo/Noah Berger, File)

PG&E's bankruptcy trial opens with attacks on voting process

May. 27, 2020 5:13 PM EDT

BERKELEY, Calif. (AP) — An effort to block Pacific Gas and Electric's path out of bankruptcy kicked off Wednesday's trial on the plan in bankruptcy court as critics of the utility questioned whether the overwhelming vote in favor of the plan by wildfire victims was tainted by conflicts of interest and...

FILE-  This Dec. 3, 2018, file photo, shows homes leveled by the Camp Fire line the Ridgewood Mobile Home Park retirement community in Paradise, Calif. Pacific Gas & Electric limped into bankruptcy vilified for its long-running neglect of a crumbling electrical grid that ignited horrific Northern California wildfires that left entire cities in ruins. After nearly a year-and-a-half of wrangling during one of the most complex bankruptcy cases in U.S. history, it’s unclear if PG&E is now any better equipped to protect the 16 million people who rely on it for power. (AP Photo/Noah Berger, File)

PG&E nears end of bankruptcy amid persisting safety worries

May. 26, 2020 7:26 PM EDT

BERKELEY, Calif. (AP) — Pacific Gas & Electric limped into bankruptcy vilified for its long-running neglect of a crumbling electrical grid that ignited a succession of horrific Northern California wildfires. After nearly a year-and-a-half of wrangling during one of the most complex bankruptcy cases in...

FILE - This Jan. 14, 2019, file photo shows Pacific Gas & Electric vehicles parked at the PG&E Oakland Service Center in Oakland, Calif. A decision was announced Friday, May 1, 2020, that Pacific Gas & Electric Corp. will sweep out three quarters of its board of directors to start with a mostly clean slate when it emerges from a bankruptcy case triggered by deadly wildfires ignited in Northern California by the utility's neglected electrical grid. (AP Photo/Ben Margot, File)

Officials: Email delays key vote on PG&E's bankruptcy plan

May. 21, 2020 4:10 PM EDT

BERKELEY, Calif. (AP) — California power regulators unexpectedly delayed a key vote Thursday on Pacific Gas & Electric's plan for getting out of bankruptcy after saying one of the utility's most outspoken critics sent an improper email attacking the company's proposal to pay wildfire victims. ...

FILE - This Oct. 14, 2017 file photo shows an aerial view shows the devastation of the Coffey Park neighborhood after the Tubbs swept through in Santa Rosa, Calif. Pacific Gas & Electric says its plan for getting out of bankruptcy has won overwhelming support from the victims of deadly Northern California wildfires ignited by the utility's fraying electrical grid. The victims backed PG&E's blueprint despite concerns that they will be shortchanged by a $13.5 billion fund that's supposed to cover their losses. The preliminary results of a vote announced Monday, May 18, 2020, keep PG&E on track for meeting a June 30 deadline to get out of bankruptcy so it can qualify for coverage from a California wildfire insurance fund that was created to help protect the utility from getting into financial trouble again. (AP Photo/Marcio Jose Sanchez, File)

PG&E's bankruptcy plan wins support from wildfire victims

May. 18, 2020 4:56 PM EDT

BERKELEY, Calif. (AP) — Pacific Gas & Electric's plan for getting out of bankruptcy has won overwhelming support from the victims of deadly Northern California wildfires ignited by the utility's fraying electrical grid, despite concerns that they will be shortchanged by a $13.5 billion fund that's...

FILE - This Jan. 14, 2019, file photo shows Pacific Gas & Electric vehicles parked at the PG&E Oakland Service Center in Oakland, Calif. A decision was announced Friday, May 1, 2020, that Pacific Gas & Electric Corp. will sweep out three quarters of its board of directors to start with a mostly clean slate when it emerges from a bankruptcy case triggered by deadly wildfires ignited in Northern California by the utility's neglected electrical grid. (AP Photo/Ben Margot, File)

PG&E to purge most of its board in fallout from bankruptcy

May. 1, 2020 2:59 PM EDT

BERKELEY, Calif. (AP) — PG&E Corp. will sweep out three quarters of its board of directors to start with a mostly clean slate when it emerges from a bankruptcy case triggered by deadly wildfires ignited in Northern California by the utility’s neglected electrical grid. The decision announced...

FILE - In this Nov. 18, 2019, file photo, Pacific Gas & Electric CEO Bill Johnson speaks during an oversight hearing of the Energy, Utilities and Communications committee at the Capitol in Sacramento, Calif. Johnson will step down from the job just 14 months after the nation's largest utility hired him to rescue it from a crippling financial mess caused by a long history of negligence and chance a corporate culture that had emphasized profits over safety. The announcement Wednesday, April 22, 2020, that the 66-year-old Johnson will retire June 30 comes as PG&E tries to push through its plan to end a stint in bankruptcy that was triggered by a series of deadly wildfires ignited by its decaying electrical grid. (AP Photo/Rich Pedroncelli, File)

PG&E's top exec to end short stint at beleaguered utility

Apr. 22, 2020 4:23 PM EDT

BERKELEY, Calif. (AP) — PG&E Corp. CEO Bill Johnson will step down from his job just 14 months after the nation's largest utility hired him to rescue it from a financial mess caused by a history of negligence and to change a corporate culture that emphasized profits over safety. Johnson's June 30...

FILE - In this Feb. 18, 2020, file photo, a Pacific Gas & Electric truck is parked in San Francisco. California regulators are being advised to approve PG&E's plan for getting out of bankruptcy with new controls designed to prevent a recurrence of the utility's past bad behavior that has resulted in deadly wildfires, infuriating blackouts and high electricity rates. If approved, a proposed decision issued Monday, April 20, 2020, by Administrative Law Judge Peter Allen will enable PG&E to clear another key hurdle in its frantic race to end one of the most complex bankruptcy cases in U.S. history by June 30. (AP Photo/Jeff Chiu, File)

PG&E's bankruptcy plan strides toward approval in California

Apr. 20, 2020 8:34 PM EDT

BERKELEY, Calif. (AP) — California regulators are being advised to approve Pacific Gas & Electric's plan to emerge from bankruptcy with new controls designed to prevent a recurrence of the utility's past bad behavior that has resulted in deadly wildfires, infuriating blackouts and high electricity...

FILE - This Oct. 13, 2017 file photo shows a row of chimneys standing in a neighborhood devastated by the Tubbs fire near Santa Rosa, Calif. Pacific Gas & Electric will face another legal challenge to a $13.5 billion settlement with more than 80,000 Northern California victims worried they're being shortchanged in a deal that's supposed to repay them for losses caused by the utility's negligence. (AP Photo/Jae C. Hong, File)

PG&E: Wildfire victims backing bankruptcy plan so far

Apr. 16, 2020 7:49 PM EDT

BERKELEY, Calif. (AP) — A Pacific Gas & Electric lawyer told a federal judge that the beleaguered company's plan for getting out of bankruptcy is winning support from the victims of Northern California wildfires ignited by the utility's crumbling equipment, despite concerns they will be shortchanged in...