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.
PG&E Bankruptcy News
News and updates related to PG&E's 2019 Chapter 11 filing
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.
Gov. Gavin Newsom is considering overhauling California’s regulator of power and water companies as he and other state leaders race to prepare for another wildfire season.
To the extent that California’s heightened flammability is related to climate change, it’s not just PG&E’s problem. A Feb. 19 report from S&P Global found it “entirely possible” that the 2019 fire season would force one of California’s other investor-owned utilities into bankruptcy
BlueMountain Capital, a hedge fund with a significant stake in embattled California utility PG&E, announced Friday that it has nominated 13 candidates for election to the company’s board.
The case of P.G. & E. illustrates the complexity of assigning responsibility in cases where preexisting problems are exacerbated by a changing climate.
In response to the company’s decision to cancel the 2018 STIP payments, IBEW 1245 Business Manager Tom Dalzell sent the letter below to PG&E Interim CEO John Simon today. John, While the number of Local 1245 who are STIP-eligible is dwarfed by the number represented by the ESC and the number of non-bargaining-unit employees, an… [Read More]
On Feb. 22, a misleading opinion article appeared in the Sacramento Bee with the headline, “PG&E says splitting utility would improve wildfire safety, but there’s a downside.” We’d like to take a moment to set the record straight and dispel some misinformation. In the article, columnist Dale Kasler cites PG&E’s latest CPUC filing and erroneously… [Read More]
Earlier this year, PG&E had asked the PUC to approve $130 million to pay its annual STIP (short-term incentive plan) compensation to salaried employees (other than officers). On Friday, Feb. 22, PG&E announced that it has cancelled the 2018 STIP payments due to bankruptcy. The annual STIP payment is not a bonus, despite how it… [Read More]