The California PUC is considering whether to fine Southern California Edison for its failure to report a nearly $1 billion shortfall in revenues last year.

Protesters at the California PUC meeting urged the commissioners to turn PG&E into a publicly owned utility as part of its Chapter 11 bankruptcy.

California PUC President Michael Picker told lawmakers the commission isn’t the best public entity to address the “enormity” of the recent wildfire crisis.

California fire investigators said Pacific Gas and Electric was not responsible for the Tubbs Fire, a blaze that leveled parts of Santa Rosa in 2017.

The California PUC began implementing wildfire cost recovery provisions, as protesters argued against any effort to bailout PG&E for the deadly wildfires.

PG&E’s stock price sank lower Monday and Tuesday, dropping by more than 30% due to fears the company could go bankrupt or be broken up by the state.

After the deadliest wildfire in California history, PG&E is facing intense scrutiny from lawmakers, regulators and a federal judge.

PG&E reported additional problems with its transmission lines prior to the Camp Fire and asked state regulators to approve a more than $1 billion rate hike.

The California Public Utilities Commission voted to examine its rules allowing utilities to de-energize power lines in cases of wildfire conditions.

The California PUC will open a new phase of investigation into PG&E’s practices as the utility faces allegations that its equipment ignited the Camp Fire.