A city takeover of PG&E would complicate, not fix, the energy challenges we face. IBEW union members work at nearly every publicly-owned utility in Central and Northern California — we are in no way opposed to public power. But, let me remind you, the voters of San Francisco have twice rejected the city purchasing and administering… [Read More]
PG&E Bankruptcy News
News and updates related to PG&E's 2019 Chapter 11 filing
PG&E Corp. expects its looming bankruptcy to take about two years to resolve and has arranged $5.5 billion to fund its operations during the process. Its shares and bonds both gained.
“For the good of our state, we must focus on how we can safely adapt our systems to what Jerry Brown described as “the new abnormal.” If we don’t, every Californian will be paying the price for policies that don’t match our priorities,” IBEW 1245 Business Manager Tom Dalzell writes in CalMatters.
The plan for Pacific Gas and Electric, the California utility, to enter bankruptcy to manage its $30bn wildfire liabilities has sent shockwaves through the US energy industry, raising concerns about the outlook for investment in renewable power in the state and beyond.
PG&E Corp.’s bankruptcy could mark a business milestone: the first major corporate casualty of climate change. Few people expect it will be the last.
PG&E workers have been out in force across the Bay Area in wind and rain, restoring power lines downed by this week’s storm. This all comes as the workers face the harsh reality of the company’s intent to file for bankruptcy in just a few weeks. (cross-posted from KTVU)
The head of the San Francisco Public Utilities Commission says Monday’s announcement by Pacific Gas & Electric that it plans to file for bankruptcy protection has led the city to consider buying some of PG&E’s electricity distribution system.
PG&E Corporation disclosed this morning that it and its regulated utility subsidiary, Pacific Gas and Electric Company expect to file for chapter 11 bankruptcy protection with $5.5 billion in committed DIP financing on or around Jan. 29. In an 8-K this morning, PG&E said it is facing “extraordinary challenges relating to a series of catastrophic… [Read More]