October 2, 2024

California

NIPPC Members ‘Carry On’ Without Kahn
Sadness over the recent death of Robert Kahn suffused this year’s NIPPC annual meeting, where speakers remembered and praised the energy veteran.
PG&E and Insurers Agree to Settle Wildfire Claims
PG&E [NYSE:PCG] announced it had reached an $11B settlement agreement with nearly all the insurers trying to recoup their payments to victims of wildfires.
PG&E Offers $16.9B for Wildfire Claims in Chap. 11 Filing
PG&E Corp. [NYSCE:PCG] filed a reorganization plan in U.S. Bankruptcy Court that includes $16.9 billion to pay for wildfire claims.
UPDATED: PG&E Ends Bond Bid as SF Makes Wires Offer
PG&E Corp. said it was postponing a controversial effort to secure up to $20 billion in bonds from the state to pay for wildfires sparked by its equipment.
Calif. Participants Float ‘Central Buyer’ RA Plan
California stakeholders have proposed replacing the state’s resource adequacy framework with a “central buyer” responsible for procuring resources.
PG&E Seeks $20B Wildfire Bonds Issuance
PG&E is hoping the California legislature will approve a bill providing up to $20 billion in bonds to help the company pay its debts to wildfire victims.
Only PG&E Can File Bankruptcy Plan, Judge Says
The judge overseeing PG&E’s bankruptcy ruled against bondholders and insurers that wanted to offer their own reorganization plans for the embattled utility.
Lawyers Argue over PG&E Wildfire Liability
Lawyers representing PG&E and California wildfire victims argued over how to estimate the potential liability of the bankrupt utility.
Bankruptcy Judge Questions PG&E Exec Compensation
The judge overseeing PG&E’s bankruptcy questioned the utility’s attorney over an executive compensation package that includes $11 million in bonuses.
Forecasting, Cooperation Key to Calif. Climate Challenges
California must find new approaches to long-term forecasting and collaboration, speakers said at a California Energy Commission workshop.

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