Latest Bill Johnson News

FILE - In this Oct. 31, 2019, file photo, smoke from the Maria Fire billows above Santa Paula, Calif. A federal judge has approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy. The company cleared its latest hurdle Tuesday, Feb. 4, 2020, when U.S. Bankruptcy Judge Dennis Montali signed off on a deal to refinance billions of dollars in debt to pay off PG&E bondholders who threatened to cause problems. (AP Photo/Noah Berger, File)

PG&E clears another bankruptcy hurdle with debt refinancing

Feb. 4, 2020 6:43 PM EST

SAN FRANCISCO (AP) — A federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy, but the troubled utility still must navigate nettlesome obstacles from the state of California. U.S. Bankruptcy Judge Dennis Montali signed off on the deal to...

FILE - This Dec. 16, 2017, file photo provided by the Santa Barbara County Fire Department shows flames burning near power lines in Montecito, Calif. Pacific Gas and Electric is promising promising to overhaul its board of directors in an attempt to avoid a potential takeover attempt by the state of California and prove the beleaguered utility is turning over a new leaf as it works through its second bankruptcy in less than 20 years. The promise to shake things up came late Friday, Jan. 31, 2020, as the San Francisco company tries to emerge from bankruptcy by June 30. (Mike Eliason/Santa Barbara County Fire Department via AP, File)

PG&E pledges to shake up board in bid to placate California

Feb. 1, 2020 5:39 PM EST

SAN FRANCISCO (AP) — Pacific Gas and Electric is pledging to overhaul its board of directors in an attempt to avoid a potential takeover by the state of California and prove the nation's largest utility is turning over a new leaf as it works through its second bankruptcy in less than 20 years. The promise...

FILE - This Nov. 1, 2019, file photo shows flames from a backfire on a hillside as firefighters battle the Maria Fire in Santa Paula, Calif. 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. 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/Noah Berger, File)

PG&E and California governor at odds over bankruptcy plan

Jan. 29, 2020 9:13 PM EST

SAN FRANCISCO (AP) — Pacific Gas & Electric attorneys on Wednesday assured a federal judge the utility will emerge from bankruptcy by its June deadline, even as California Gov. Gavin Newsom vowed to follow through on his threat to have the state take over the nation's largest utility. The contradictory...

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 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...