Facing multibillion-dollar claims for damage done by last year’s Northern California wildfires, PG&E is pushing for a state-authorized financing plan to cover liability claims and compensate survivors.
Learn about the competitive challenges and other new developments in the energy and utility industries.
As PG&E is facing a tremendous liability over last year’s fires, breaking up the company could mean that only one unit has to declare bankruptcy.
By affirming that malice could not be established in PG&E’s risk management controls and fire mitigation efforts, the ruling could provide a legal precedent to support the utility regarding its potential liability for other wildfires.
California lawmakers will consider changes to the state’s policies regarding wildfires and utility liability, following a devastating fire season that has left Pacific Gas & Electric raising the possibility of bankruptcy.
Governor Edmund G. Brown Jr., Senate President pro Tempore Toni Atkins, Assembly Speaker Anthony Rendon, Senate Republican Leader Patricia Bates and Assembly Republican Leader Brian Dahle today announced action on legislation to strengthen disaster preparedness and set forth appropriate policies to respond to the increasing wildfire danger.
Government-run energy programs – also known as Community Choice Aggregation – are unraveling the centralized planning and service California needs to keep the lights on.
PG&E Corp. and its subsidiary, Pacific Gas and Electric, announced today in an 8-K filed with the U.S. Securities and Exchange Commission that it will record a $2.5 billion pre-tax charge related to deadly wildfires in Northern California last year.
An ounce of prevention is worth a pound of cure. That’s especially true in light of last year’s fire season, which underscored the need to think innovatively and proactively about fire prevention. Policymakers have a moral imperative to act — we cannot sit idly by and wait for the next disaster. That is why my… [Read More]
Late Friday, California confirmed what many across the state’s devastated wine country had suspected for months: Equipment owned by utility giant PG&E Corp. ignited some of the deadliest and most destructive wildfires that tore through their homes in October. The most unexpected and crucial part of the findings, though, was at the very bottom of California’s end-of-day… [Read More]
Unfortunately, 2017 will not likely hold the record of California’s worst fire season for long. In future decades, wildfires will increasingly place Californians’ homes, livelihoods, and lives at risk. Many factors contribute to wildfires, but two in particular greatly contribute to increasing risk: climate change and growing development in the wildland-urban interface (WUI).