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)
PG&E Bankruptcy News
News and updates related to PG&E's 2019 Chapter 11 filing
Send Us Your Questions About the PG&E Bankruptcy Announcement
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S.F. Considers Buying Some of PG&E’s Infrastructure in Wake of Bankruptcy Plans (via KQED)
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.
Renewable Energy Suppliers Urge Prioritization of Clean Energy Generation in Potential PG&E Bankruptcy
PG&E’s Filing With the SEC Regarding Intention to Seek Bankruptcy Protection (Form 8-K)
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]
PG&E Issues Notification of Intent to File for Bankruptcy Protection
On January 14, PG&E gave notice as required by the wildfire bill from last summer that it intends to file for bankruptcy protection in 15 days. What is the notice? As part of the wildfire legislation that passed in California last summer (SB 901), we included language protecting workers. One of those protections is the… [Read More]
PG&E CEO Geisha Williams Steps Down
This afternoon, Geisha Williams announced that she is stepping down as PG&E’s CEO. John Simon, Executive Vice President & General Counsel, will serve as acting CEO while the Board conducts a search. We have worked well with John and expect a good working relationship. With no Chief Operating Officer, three recent high-level retirements in the electric department, and… [Read More]
“We Are Ready to Protect You” — An Important Message for Members at PG&E from Business Manager Tom Dalzell
An important message from IBEW 1245 Business Manager Tom Dalzell: Many of our members are asking about Saturday’s report by Bloomberg News that PG&E might post a notice on Monday telling employees that it intends to file for bankruptcy protection. Local 1245 does not make decisions or even comment on speculation. If PG&E files a… [Read More]
Worker Protections in the Event of a Change of Company Ownership or Bankruptcy
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]
California PUC chair says state won’t let PG&E go bankrupt (via Utility Dive)
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.