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The bankruptcy deals include $13.5 billion earmarked for wildfire victims. A federal judge plans to approve or reject PG&E’s plan for getting out of bankruptcy by June 30. “We want this to be impactful because this can’t go on any longer,” Butte County District Attorney Mike Ramsey told...
"There's essentially a scale for rating wildfire risk and they drew the line on a particular place on that scale," PG&E spokesman Paul Moreno said. The neighborhood that will not get its lines underground could be a part of a future project after the completion of the current project. Mo...
Newsom holds unusual leverage over PG&E’s fate because the company needs the support of him and its chief regulator in California to qualify for coverage from a wildfire insurance fund that the state set up last summer. The protection from the fund is a crucial part of the ...
Sometime in July, it will lose its 18-month exclusive right to propose a reorganization plan in bankruptcy court. In that unlikely scenario, the court could look to competing reorganization plans from wildfire victims to bondholders.And, of course, there’s another looming deadline. “Fire ...
REGULATORS BOOST PG&E'S WILDFIRE FINE TO $2.1 BILLION Critics of the plan said PG&E has not proven it has changed its corporate culture emphasizing profits over the safety of the 16 million people who rely on it for power. PG&E under 'fire' for recurring wildfires in California ...
PG&E SEEKS $3.6B IN RATE HIKES FOR WILDFIRE SAFETY But Poppe told reporters on Wednesday that she quickly realized after she joined PG&E in January that moving lines underground is the best way to protect both the utility and the 16 million people who rely on it for power. "It's too ex...
(PD&E) haswarned about 12,000 customers across ten Northern California countiesto prepare forpossible Public Safety Power Shutoffs (PSPS)starting as soon as the early morning hours Tuesday to reduce wildfire risk.Of those customers, several hundred impacted homes are in rural Yolo and Solano ...
Williams said negative media coverage of the October fires complicated utilities’ efforts to get help from the California Legislature. But some utility watchdogs are still wary of state lawmakers, whom they see as sending out mixed signals on wildfire liabilities. ...
PG&E, in a statement, said the tree was one of more than 8 million within strike distance of its power lines. “Taking a bold step forward, PG&E has committed to burying 10,000 miles of lines in addition to the mitigations included in PG&E’s2021 Wildfire Mitigation Plan,” the utility ...