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..
Does PG&E’s bankruptcy mean that I no longer have a claim? If I make a claim against PG&E, will that cause my rates to go up? Does PG&E’s bankruptcy affect the deadlines for filing a claim related to the Camp Fire? As has been widely reported, PG&E filed bankruptcy this past week. This will be the largest bankruptcy in California… Continue Reading..
A New Paradise or Closure? As the fog rolled into the town of paradise on December 15, 2018 so did thousands of recent evacuees. The beautiful skyway entrance to the town they once loved was backed up for miles. An eerie reminder of the congestion they faced 5 weeks ago. 1, 2, 4, 5, 6, 7, 9, 10, 11, 12,… Continue Reading..
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..