Morgan Stanley says its investor clients are becoming too optimistic about the outlook for PG&E , the California utility currently managing its wildfire costs in bankruptcy court.
Learn about the competitive challenges and other new developments in the energy and utility industries.
A group of investors including Knighthead Capital Management LLC, Redwood Capital Management and Abrams Capital Management have formed to press bankrupt utility giant PG&E Corp. for a management overhaul.
On Thursday, Mayor London Breed and City Attorney Dennis Herrera sent a letter to PG&E’s interim CEO and its chief financial officer regarding San Francisco’s efforts to study the prospect of buying the company’s electric distribution assets serving the city.
The City and County of San Francisco (the “City”) has initiated work to evaluate the cost and feasibility of acquiring PG&E’s electric distribution facilities that serve San Francisco.
Investigators have determined that Southern California Edison power lines ignited the 2017 Thomas fire, a massive blaze in Ventura and Santa Barbara counties that killed two people and later gave rise to a massive mudflow that resulted in at least 21 deaths.
After an extensive review, each office determined that insufficient evidence exists to prove beyond a reasonable doubt that PG&E acted with a reckless disregard for human life in causing the fires, the standard necessary to sustain criminal charges.
Pizarro is president and chief executive of Edison International, parent company of Southern California Edison, which provides electricity to 15 million people.
What happens when a famously left-leaning city dives into the buttoned-down business of electric utilities? San Francisco may soon find out.
The person to lead California energy giant PG&E Corp. out of the biggest utility bankruptcy in U.S. history may be Bill Johnson, the outgoing chief of the federally operated power agency Tennessee Valley Authority.