November 16, 2024

Pacific Gas and Electric (PG&E)

Trial Begins to End PG&E Bankruptcy
A three-day trial that could conclude the bankruptcy of PG&E began via videoconference, with Judge Dennis Montali presiding from his home.
UPDATED: PG&E Bankruptcy Moves Toward Conclusion
Proceedings to conclude PG&E Corp.’s Chapter 11 reorganization will likely happen via video later this month, Judge Dennis Montali said.
Improper Email Delays CPUC Vote on PG&E Plan
The CPUC postponed its planned vote on PG&E’s bankruptcy reorganization plan because a party to the proceedings improperly sent out a mass email.
CPUC, PG&E Agree to Record $1.9B in Penalties
The California PUC approved a settlement with PG&E that imposes penalties of more than $1.9 billion for safety and maintenance lapses that led to wildfires.
PG&E Says Most Board Members Will Leave
PG&E Corp. said as part of its first-quarter earnings report that 11 of its 14 directors would be leaving its board.
Judge Orders PG&E to Improve Line Inspections
The judge in charge of PG&E’s criminal probation imposed new conditions requiring the utility to do better to avoid starting wildfires.
PG&E Seeks to Finalize Deal with FEMA, Calif. Agencies
The judge overseeing PG&E’s bankruptcy rebuffed the utility’s request to quickly approve agreements signed between it, fire victims and government agencies.
PG&E CEO Johnson Says He’ll Step Down
PG&E Corp. CEO Bill Johnson announced he would retire at the end of June, by which time the utility is hoping to exit bankruptcy.
Judge: PG&E Can’t Pay Criminal Fines from Victim Trust
The judge in the PG&E bankruptcy case prohibited the utility from paying its criminal fines from a trust fund meant to compensate fire victims.
Fire Victims Challenge PG&E Deal as Vote Looms
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.

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