Latest PG&E Corp News

FILE - In this Nov. 9, 2018, file photo, smoke billows around power transmission lines as the Camp Fire burns in Big Bend, Calif. Pacific Gas & Electric Co., the nation's largest electric utility, filed for bankruptcy last year after facing an estimated $50 billion in damages from several Northern California wildfires that were linked to its equipment, including one blaze in 2018 that killed 85 people and destroyed about 19,000 buildings. (AP Photo/Noah Berger, File)

California bill would make utilities pay some blackout costs

Jan. 23, 2020 8:19 PM EST

SACRAMENTO, Calif. (AP) — Californians left in the dark by electric companies that shut off their power to prevent wildfires could get paid for things such as lost wages or spoiled food under a bill that advanced Thursday in the Legislature. In the state plagued by catastrophic blazes started by strong...

Exxon Mobil, Bank of America fall; PG&E, Teradyne rise

Jan. 23, 2020 8:02 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: V.F. Corp., down $9.16 to $85.41 The maker of Vans and Timberland shoes cut its profit forecast for its fiscal year after reporting disappointing third-quarter revenue. Teradyne Inc., up $2.62 to $76.21 The semiconductor-testing...

FILE - In this Jan. 10, 2020, file photo, California Gov. Gavin Newsom speaks at a news conference in Sacramento, Calif. Newsom is urging a federal judge to reject Pacific Gas and Electric's blueprint for getting out of bankruptcy and renewing his threat to lead a bid to turn the beleaguered utility into a government-run operation. PG&E is trying to dig out of a financial hole created by more than $50 billion in claims stemming from a series of catastrophic wildfires that have been blamed on the San Francisco company. (AP Photo/Rich Pedroncelli, File)

California governor aims to block PG&E's bankruptcy plan

Jan. 22, 2020 7:45 PM EST

SAN FRANCISCO (AP) — California Gov. Gavin Newsom is urging a federal judge to reject Pacific Gas and Electric's blueprint for getting out of bankruptcy and renewing his threat to lead a bid to turn the beleaguered utility into a government-run operation. In a court filing Wednesday, Newsom's lawyers gave...

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...