California wildfires
The $13.5 billion settlement PG&E struck with wildfire victims may be in trouble, threatening one main component of the utility’s plan to exit bankruptcy.
PG&E said it will plead guilty to 85 felonies stemming from the Camp Fire in November 2018, including 84 charges of involuntary manslaughter.
PG&E cleared another hurdle in its bid to exit bankruptcy but the latest comes with a caveat: the state or a third-party bidder could buy the utility.
FEMA dropped its claim to a chunk of the $13.5 billion trust PG&E plans to fund for wildfire victims, removing an obstacle to its exit from bankruptcy.
PG&E's bankruptcy could reach another milestone as the utility tries to explain its Chapter 11 reorganization proposal to fire victims and other parties.
California PUC President Marybel Batjer receivership may be necessary if PG&E can’t provide safe service once it exits bankruptcy.
PG&E reported multibillion-dollar losses in its quarterly and annual reports but expects sustainable financial performance after it emerges from reorganization.
California lawmakers have drafted a spate of bills since early January aimed at correcting perceived wrongs by PG&E and other investor-owned utilities.
The countdown is on for P&GE's bankruptcy exit, which needs to happen for the utility to participate in an insurance fund to protect it from liabilities.
The federal judge in charge of PG&E’s Chapter 11 reorganization set a timeline for it to exit bankruptcy and approved its recent agreement with bondholders.
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