Category: California Wildfire Law

PG&E Camp Fire News: Pacific Gas and Electric Company, is one of the largest combined natural gas and electric energy companies in the United States.

PG&E Will Not Be Able To Renegotiate PPAs

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..

PG&E wants customers to absorb another rate hike 

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 says its equipment is the ‘probable’ cause of deadly Camp Fire blaze

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..

PG&E has lost half its value as shareholders fear utility’s role in California wildfire

The stock of PG&E has lost more than half its value this week as shareholders are fleeing the utility because of concerns that their equipment may be partly responsible for the most destructive wildfire in the history of California.  In a government filing on Tuesday, PG&E, owner of Pacific Gas & Electric Co., said its subsidiary had pulled $3 billion… Continue Reading..