On Thursday, Sept. 5, IBEW 1245 Business Manager Tom Dalzell gave a special briefing on the PG&E bankruptcy to a group of more than two dozen IBEW 1245 retirees. The retirees traveled from the Sacramento area, the Bay Area and the Central Valley to attend the briefing at the Local 1245 union hall in Vacaville…. [Read More]
PG&E Bankruptcy News
News and updates related to PG&E's 2019 Chapter 11 filing
Pacific Gas & Electric (PG&E) announced Friday it has agreed in principle to an $11 billion settlement covering 85% of insurance claims related to the 2017 Northern California wildfires and 2018 Camp Fire.
Pacific Gas & Electric Co. once had no shortage of political influence or friends willing to step up at California’s state Capitol when the company wanted something.
It seems notable that IBEW Local 1245, PG&E’s largest union, has registered its opposition to the idea of San Francisco taking over part of PG&E.
In the last couple months, IBEW 1245 has received numerous messages from concerned members regarding what, if anything, should be done in response to the PG&E Chapter 11 bankruptcy “proof of claim” forms that the Company has sent by mail to current employees and retirees, among others. After consultation with our bankruptcy attorneys, we have… [Read More]
The plan it submitted in federal court Monday kicks off the most contentious phase yet of a bankruptcy that’s attracted some of the biggest names in the financial world, including Pacific Investment Management Co. and Elliott Management Corp. Since the company’s collapse — what’s been described as climate change’s largest financial casualty to date —… [Read More]
PG&E Corp. put $16.9 billion on the table to pay wildfire claims Monday as it offered its formal reorganization plan in U.S. Bankruptcy Court.
A takeover would face opposition from PG&E’s unions. Tom Dalzell, business manager of International Brotherhood of Electrical Workers Local 1245, which represents 17,000 PG&E employees and contractors, said his union would oppose the proposed acquisition by San Francisco, and questioned whether the city had the legal right to make this move without a public vote…. [Read More]
IBEW 1245 Business Manager Tom Dalzell issued the following statement in response to San Francisco’s offer to buy the electric grid in the City from PG&E: “IBEW 1245 opposes the proposed takeover of PG&E electric system by the City and County of San Francisco because it hurts both the residents of San Francisco, as well… [Read More]