January 19, 2025

California wildfires

California Could Restructure PG&E, Governor Says
California Gov. Gavin Newsom has summoned PG&E and its creditors, including victims, to try to broker a deal to pull the utility out of bankruptcy.
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.

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