In 2018, IBEW 1245 worked diligently to incorporate a number of key worker protections in the language of SB 901 (Dodd), the Wildfire Conference Committee bill, which would be triggered in the event of a change of ownership or bankruptcy of a California IOU, including PG&E. In either event, for full-time rank and file employees… [Read More]
PG&E Bankruptcy News
News and updates related to PG&E's 2019 Chapter 11 filing
California’s head utility regulator said Thursday he does not want utility Pacific Gas and Electric (PG&E) to go bankrupt over escalating costs related to California’s record wildfire season, sending shares soaring in after-hours trading.
Pacific Gas & Electric (PG&E) has warned state lawmakers that it may need to declare bankruptcy or reorganize, depending on its liability for the wildfires that devastated parts of California in October, 2017, a Sacramento CBS affiliate reports.
Bankruptcy would be a disaster for workers and consumers The wildfires our state experienced last year were unprecedented destruction and loss of life. To many, myself included, the scope of the damage seemed unimaginable – how, in 2017, could a disaster of that magnitude occur? We are all looking for the causes of the fires… [Read More]