PG&E Bankruptcy News

IBEW Local 1245 shot back at a political advertisement from Sanders that criticized PG&E for its role in causing deadly wildfires. The union, which represents about half of PG&E’s 23,000 employees, released its own video in response, criticized Sanders’ endorsement of a public takeover, saying it would be prohibitively expensive and misguided.

PG&E Corp.’s biggest union is pushing back against Bernie Sanders’ criticism of the embattled California power company, claiming the senator and presidential candidate supports a $100 billion state takeover of the utility.

Sen. Bernard Sanders brags about his ties to working people, so it was a particularly harsh shot Tuesday when a California union blasted his idea to have the state take over a large power utility and said they were more disappointed he never ran the proposal by the workers.

Calls to wrest Pacific Gas & Electric from investors’ hands have grown louder, amplified by a state bill that would allow cities to carve up PG&E territory into government-run utilities.

California’s utilities filed wildfire mitigation plans with the state Public Utilities Commission (CPUC) on Friday, outlining strategies to reduce the risk of wildfire in their service territories that are forecast to require billions of dollars in investments.

The utility is working on upgrading its infrastructure and has so far completed work on 188 miles of power lines, according to Johnson’s testimony to two subcommittees of the House Committee on Energy and Commerce —​ slightly less than 3% of the 7,100 miles that have been identified for system hardening.

We are now free to report and discuss the terms of the four-year contract extension that we negotiated with PG&E as part of the bankruptcy plan of reorganization. We already have a ratified two-year extension in place for 2020 and 2021, so this new four-year agreement will take us through 2025. We believe that this… [Read More]