New photographic evidence indicates tree contact with two PG&E power lines – not the private hilltop electrical system state investigators have blamed – caused the devastating Tubbs fire, according to an expert with four decades of experience investigating electrical fires.
“The Best That We Could Be” — IBEW 1245 members smash records at 2019 National Gas Rodeo
As the old saying goes, “Records are made to be broken.” The IBEW 1245 members who competed at the 2019 National Gas Rodeo in mid-September certainly took that adage to heart, as they broke not just one, but two national records during the action-packed two-day competition. Smashing Records The six teams that competed at the… [Read More]
Union mounts formidable opposition to SF takeover attempt (via SF Chronicle)
PG&E’s largest union is staunchly opposed and has worked publicly and privately to undermine San Francisco’s efforts. The powerful organized labor group, which represents 12,000 PG&E employees, has created a website, sfprioritycheck.com, that criticizes the notion of San Francisco forming the state’s third-largest government-owned electric utility.
Gearhead Gathering — First Annual IBEW 1245/PG&E Fleet Car Show
Car, truck and motorcycle aficionados, AKA “gearheads,” are anything but monolithic. Some are all about refurbishing antique classic cars, some are steadfastly devoted to late model hot rods, and others get their thrills from big pickup trucks with rugged lift kits. But they all have one thing in common – they’re hard-pressed to pass up… [Read More]
California proposes IOUs collect $900M annually for wildfire fund, with one major hurdle for PG&E (via UtilityDive)
The California Public Utilities Commission issued a proposed decision Monday that would authorize the state’s investor-owned utilities to collect $902.4 million annually for a wildfire mitigation fund authorized by state lawmakers this summer.
Alliance of Bondholders and Fire Victims Unsettles PG&E Bankruptcy (via Wall Street Journal)
Tom Dalzell, business manager of International Brotherhood of Electrical Workers Local 1245, said the union supports terminating exclusivity and generally favors the bondholders’ plan for the protections it offers union members and the structure of the company. The union had negotiated with the bondholders to ensure retirement benefits are paid in full under the reorganization… [Read More]
Dalzell: New Bankruptcy Proposal by Fire Victims & Bondholders Appears to be More Favorable to PG&E Employees and Retirees
Yesterday afternoon, the bondholders group and the official committee representing the fire victims in PG&E’s bankruptcy case announced they had reached a deal. They filed a joint motion with the bankruptcy court to (1) terminate PG&E’s exclusive right to file a reorganization plan and (2) file their own plan of reorganization. Their plan appears to… [Read More]
‘Game-changer:’ PG&E takeover fight ramps up as wildfire victims team with hedge funds (via Sacramento Bee)
In a jolt to PG&E Corp., a group representing wildfire victims Thursday teamed with up a consortium of Wall Street hedge funds trying to execute a hostile takeover of the utility.
PG&E Bondholders Ally With Wildfire Victims to Propose New Bankruptcy Exit Plan (via Wall Street Journal)
Bondholders are taking another run at PG&E Corp. , forming an alliance with victims of the wildfires that swept through California in 2017 and 2018 to chart a path out of bankruptcy for the state’s largest utility.
SF Negotiating Infrastructure Buyout of PG&E (via Golden Gate Xpress)
According to Tom Dalzell, a union lawyer and Local 1245’s business manager, the change in ownership would diminish workers’ pension plans. PG&E union agreements require 30 years of service and 55 years of age to receive a full pension, and most employees would likely remain with PG&E rather than work for the city and take… [Read More]
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