Some of the biggest players in distressed debt are proposing a $35 billion plan that would allow California utility giant PG&E Corp. to emerge from bankruptcy within a year, according to people familiar with the matter.
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Three members from IBEW 1245 traveled to Seattle, Washington for the 13th annual Customer Service Summit, hosted by IBEW Local 77. This summit presents a unique opportunity for IBEW members working in the customer service field all across the US and Canada to connect with and learn from one another. “Having the opportunity to meet… [Read More]
On March 25, 2019, Steven E. Malnight, Senior Vice President, Energy Supply and Policy of Pacific Gas and Electric Company (the “Utility”), a subsidiary of PG&E Corporation, notified the Utility and PG&E Corporation that he will resign and leave the Utility on April 12, 2019 to join another company outside of California.
Pacific Gas & Electric Co. pushed back Friday on a U.S. judge’s revised proposals to prevent the utility’s equipment from causing more wildfires, saying it could not “monitor every tree at every moment of every day” to ensure they don’t pose a threat to its electric lines in violation of California laws.
We’ve just received word that 17-year IBEW 1245 member Andrew Machi was tragically killed while on vacation with his family in Eureka, where he was celebrating his 39th birthday. Machi was working as a troubleman out of PG&E’s Jackson Service Center, and he leaves behind a wife and young children. The family is reeling from… [Read More]
Senators Dianne Feinstein and Kamala D. Harris (both D-Calif.) today called on the California Public Utilities Commission to aggressively pursue all reforms necessary to improve public safety at PG&E.
Activist investor Jeff Ubben criticized PG&E Corp. for postponing its deadline for nominating board members for a fifth time as the bankrupt utility-owner negotiates with competing shareholder groups.
The PG&E bankruptcy is shaping up to be one of the biggest, lengthiest and most complex bankruptcy cases to ever pass through the American court system. And while much of the fate of the company rests in the hands of the judge and U.S. Trustees assigned to oversee the case, there are countless other power… [Read More]
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.