In a recent regulatory filing, PG&E mentioned an alarming scenario as the company explained how it has dramatically expanded its program to shut down power lines intentionally so that they do not spark more dangerous wildfires. The company will consider turning off high-voltage transmission lines like the one that failed right before the Camp Fire last year – which was… Continue Reading..
San Francisco officials see an opportunity to reduce power delivery costs while also taking control of their energy mix with significant changes on the horizon for PG&E. The report considers three scenarios, including: “limited independence,” targeted investment to grow independence somewhat and the acquisition of PG&E’s assets for “full independence.” The city’s desire to exercise control over electric service to… Continue Reading..
Butte County, California – The California Department of Forestry and Fire Protection said on Wednesday that it had determined, after a “very meticulous and thorough investigation,” the Camp Fire was caused by “electric transmission lines owned and operated by PG&E.” PG&E said in February that the fire was likely caused by its equipment. The Camp Fire which started on November… Continue Reading..
A plan by California’s largest utility that could plunge millions of residents into darkness on high-wind days throughout the onrushing wildfire season. And most people aren’t ready. The plan by PG&E Corp. comes after a transmission line was mentioned by the bankrupt utility that snapped in windy climate in all likelihood began the 2018 Camp Fire, the deadliest in the… Continue Reading..
Pacific Gas and Electric Co. is a bankrupt felon who violated its probation and could face even more new criminal charges related to the deadliest and most destructive wildfire in California history. Regulators consider major changes to PG&E, investigate allegations of falsification of records on the company’s gas side and investigate some of its accounts. Gov. Gavin Newsom and state… Continue Reading..
A federal judge ordered field trips for senior executives and directors of Pacific Gas and Electric on Tuesday 5/7/2019, directing them to visit wildfire-ravaged California communities to see the destruction caused by the failure of the utility giant to keep trees and plants close to power lines. “The devastation should be seen first-hand by the board of directors, we can… Continue Reading..
The Securities and Exchange Commission has opened an investigation into accounting for Pacific Gas and Electric’s losses related to three years of wildfires in Northern California, the utility reported to shareholders. PG&E told investors that it learned in March that researchers at the S.E.C.’s regional office in San Francisco had begun reviewing public disclosures and accounting by the utility and… Continue Reading..
In January 2019, the company filed for bankruptcy in response to mounting liabilities related to a series of wildfires caused by PG&E’s equipment. This move was done as a way for the California legislature to make changes to wildfire liability, which would align the California utility regulatory regime with other states more closely. Unlike other states, California has what is… Continue Reading..
Pacific Gas and Electric has filed for bankruptcy and may face penalties, fines, and liabilities worth billions of dollars in connection with recent wildfires. The utility now says it needs another rate hike — to improve the safety of wildfires and attract investors. The company, known as PG&E, says its equipment started the 2018 Camp Fire, California’s deadliest and most… Continue Reading..
PG&E Corp., California’s bankrupt utility owner, reported its biggest loss ever and said its equipment would be blamed for the deadliest wildfire in California’s history as an ignition point. The Camp Fire raged across Northern California in November 2018 for two weeks, destroying the town of Paradise, killing 86 people, destroyed 14,000 homes and prompting PG&E last month to file… Continue Reading..