Archives for January 2020
Letter Agreement 20-01: Pilot Vegetation Management Pre-Inspector
Special Rates and Premiums for 2020
How One Hedge Fund Is Banking on a Big Comeback for PG&E (via InsideSources)
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]
Local 1245 Members Nab Five First-Place Trophies at the 2019 International Locate Rodeo
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]
Court rules California can enforce stricter lightbulb standards amid challenges to DOE rollbacks (via UtilityDive)
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.
Notice to employees subject to union security clauses
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]
Retirees Corner: Evaluating the Candidates
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]
Bankruptcy court sides with PG&E over interest rate on debts (via MarketWatch)
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.
In Memoriam: Jack Hill
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]