November 17, 2024

California wildfires

PG&E Could Still Reject PPAs, Analysts Say
Analysts at a renewable energy conference warned that PG&E could still reject its renewable power purchase agreements in bankruptcy.
PG&E Bankruptcy Judge Appoints Mediator
The federal judge overseeing Pacific Gas and Electric’s bankruptcy named a mediator to help the utility and its bondholders negotiate a reorganization plan.
PG&E Stock Plummets amid Wildfires, Shutoffs
PG&E’s stock price fell to a record low as a huge wildfire its equipment is suspected of starting last week continued burning mostly uncontrolled.
PG&E Says Blackouts Will Continue
PG&E told regulators its public safety power shutoffs could continue for another decade, and is making plans to turn off electricity if and when necessary.
SCE Suspected in Fire, PG&E Says Shutoffs Worked
SoCal Edison came under increasing scrutiny for its possible role in starting the Saddleridge Fire, while PG&E defended its public safety power shutoffs.
PG&E Restores Power amid Backlash
PG&E restored power to 738,000 customers after its public safety power shutoffs prompted a backlash from the public, state regulators and elected officials.
Calif. Regulators Bash PG&E’s Power Shutoffs
As roughly 600,000 Pacific Gas and Electric customers remained without power, the president of the California PUC called the situation “unacceptable.”
UPDATE: Judge Admits Takeover Plan as PG&E Starts Blackouts
PG&E shut down power to large swaths of its Northern California service territory, citing gusty winds that could cause utility-sparked conflagrations.
PG&E Announces Massive Shutdown to Prevent Wildfires
The escalating battle between bondholders and shareholders to control PG&E (NYSE:PCG) when it exits bankruptcy played out before Judge Dennis Montali.
California Governor Signs Electricity, Wildfire Bills
California Gov. Gavin Newsom signed two dozen bills dealing with wildfire prevention and affecting the state’s electricity providers.

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