January 19, 2025

California wildfires

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.
CPUC Adds RAMP Costs to Rate Case for 1st Time
The California PUC authorized costs for a new safety program as part of San Diego Gas & Electric and Southern California Gas' general rate case.
CPUC Opens Investigation of PG&E Bankruptcy Plan
The California PUC opened a formal examination into PG&E’s Chapter 11 reorganization plan, as bondholders trying to take over the utility upped the ante.
Lawyers Clash in PG&E Bankruptcy Hearing
Lawyers in the Pacific Gas and Electric bankruptcy case argued for hours over competing reorganization plans and how much the utility owes victims.
Judge to Hear PG&E Takeover Plan
The judge overseeing the PG&E (NYSE:PCG) bankruptcy will consider 2 reorganization plans: one from the company and one by bondholders and wildfire victims.
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.
PG&E Bankruptcy Split into Three Parts
The judge overseeing PG&E's bankruptcy relinquished a major part of the case to another federal judge while a third part is heading to state court.
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.

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