Archives for January 2020
Knighthead seized on a distressed-asset opportunity of a different kind with its PG&E play. The fund made a big bet on the comeback of PG&E following the biggest utility bankruptcy in American history. Whether that wager pays off is now mostly in the hands of California’s Democratic governor, but if Wagner and Co. are able to… [Read More]
IBEW 1245 members proved themselves to be indomitable at the 2019 International Utility Locate Rodeo, bringing home a whopping five first-place trophies. More than 65 competitors from dozens of utility companies from all over the world competed in the annual event, which took place on Dec. 13 in Springfield, MO. The IBEW 1245/PG&E team consisted of… [Read More]
California can begin prohibiting the sale of several types of less-efficient lightbulbs even as a challenge to its expanded standards continues to play out, the U.S. District Court for the Eastern District of California ruled Dec. 31.
Employees working under collective bargaining agreements containing union security clauses are required as a condition of employment to pay monthly dues or fees to the union. This is their sole obligation to the union. Individuals who are members of IBEW Local 1245 pay monthly “union dues.” Nonmembers, or “agency fee payers,” meet their monthly obligation… [Read More]
Seniors have shown themselves to be the most dependable voters, but they don’t always vote in their own best interest. They tend to vote for candidates based on social issues they favor or a familiar candidate, rather than on issues important to their economic well-being. We must be careful we don’t install a legislator who… [Read More]
Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco on Tuesday ruled that the bondholders are owed the federal rate of 2.59%, a decision expected to reduce the company’s interest burden by about $550 million when it exits bankruptcy.
Jack B. Hill passed away peacefully on the morning of Dec. 25th, 2019, at the age of 88 in San Jose, CA. Jack was born in 1931 and raised in Clarkston, Washington, where he grew up with his beloved family. Jack entered the Navy during the Korean War and served for four years as an… [Read More]