PG&E bankruptcy Archives - Page 3 of 5

PG&E Would Be Barred from Making Political Donations in New Bill

February 6, 2020 2:36 pmFebruary 7, 2020 8:54 am

On Wednesday, a new bill that would make campaign contributions from the utility company PG&E illegal was introduced in the Assembly in Sacramento. Assembly Bill 2079, authored by Assemblyman Kevin Kiley (R-Rocklin), would bar PG&E from donating to any state...

Gov. Newsom Doubles Down on State Takeover of PG&E, Says Utility ‘No Longer Exists’

February 4, 2020 2:17 pmFebruary 6, 2020 7:23 am

“Exactly one year after PG&E Corp. filed for bankruptcy, Gov. Gavin Newsom said PG&E ‘no longer exists’ and doubled down on a state takeover if the utility doesn’t shape up by June 30,” the San Francisco Chronicle reported. The California...

PG&E Would Become a Public Utility Under Newly Introduced Bill

February 3, 2020 4:01 pmFebruary 6, 2020 7:24 am

California would take control of the bankrupt electrical provider PG&E under a new bill introduced in the Senate on Monday. Under the bill, introduced by Senator Scott Wiener (D-San Francisco), current shareholders of PG&E would be forced by California to...

Governor Newsom Reaffirms the State May Take Control of PG&E this Summer

January 30, 2020 6:46 pmJanuary 31, 2020 9:10 am

‘It has to to be completely re-imagined, completely transformed company. If PG&E can’t do it, we’ll do it for them.’ During a Public Policy Institute of California event on Wednesday, Governor Gavin Newsom confirmed that that California would takeover...

Senate Passes Bill that Makes PG&E Accountable for Blackout Damages

January 29, 2020 8:07 pm

After failing twice last year and barely squeaking by a Senate Committee vote several weeks ago, Senate Bill 378 has finally passed a Senate vote this week after several late amendments made it more palatable to Senators in Sacramento. Updated...

After Another Turmoltuous Year, PG&E Rates Are To Go Up in 2020

December 30, 2019 11:54 am

PG&E customers in California will see their average monthly bills go up between 1.5% and 2.7% beginning January 1st. The higher rates come after another difficult year for PG&E. Following the aftermath of the November 2018 Paradise wildfire, which killed...

Bankruptcy Court Approves $24.5 Billion in PG&E Settlements

December 18, 2019 2:07 pmDecember 19, 2019 8:06 am

Two PG&E settlement deals worth a combined $24.5 billion to compensate wildfire victims and insurance companies was approved by a U.S. bankruptcy judge on Tuesday. After a long 5 hour hearing in San Francisco, Bankruptcy Judge Dennis Montali first approved...