PG&E caused the Camp Fire, investigators rule
PG&ECal Fire announced Wednesday that its investigators determined PG&E power lines caused the 2018 Camp Fire, the deadliest and most destructive blaze in state history. Read More …
Tag: Pacific Gas and Electric Company (PG&E)
Judge approves $235 million PG&E employee bonus plan
A bankruptcy judge on Tuesday approved PG&E’s plan to award $235 million in bonuses to approximately 10,000 employees this year. Read More …
PG&E seeking to impose rate hike on customers amid bankruptcy
PG&E requested permission from the California Public Utilities Commission (PUC) on Monday to hike rates, which would result in the average household’s electricity and natural gas bill increasing by $22.67 a month. Read More …
New PG&E CEO to get millions of dollars in pay and equity
Amid its bankruptcy, PG&E has hired a new chief executive officer who will receive a $2.5 million base salary, a $3 million signing bonus and an estimated $3.5 million a year in stock, the company stated in a filing with the Security and Exchange Commission (SEC). Read More …
PG&E grapples with federal judge over fire prevention measures
Amid a wildfire-driven bankruptcy process, PG&E has entered a spat with a federal judge over probation terms stemming from the utility’s conviction over a deadly gas explosion in 2010. Read More …
PG&E says its equipment probably caused the deadly Camp Fire
PG&E stated in a government filing Thursday that it believes it is probable the company’s equipment will be found to be the source of the 2018 Camp Fire, the deadliest and most destructive blaze in California history. Read More …
Thousands of customers lose power across SLO County
More than 30,000 customers across San Luis Obispo County and Northern Santa Barbara County lost electricity during multiple power outages over the weekend. Read More …
PG&E calls off $130 million in employee bonuses
Faced with public backlash over the company’s handling of its bankruptcy process, PG&E will not award $130 million in bonuses that its employees were in line to receive. Read More …
PG&E to restructure board amid bankruptcy
Following last month’s bankruptcy filing, PG&E has announced it will soon restructure its board of directors and half of the current members will not seek reelection. Read More …
PG&E formally files for bankruptcy
As the company warned it would do, PG&E filed for Chapter 11 bankruptcy on Monday, as the utility faces billions of dollars in liabilities for involvement in California wildfires. Read More …