Pacific Gas and Electric (PG&E)
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.
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.
Lawyers in PG&E’s bankruptcy case argued whether the court should approve a letter informing fire victims of potential flaws in a $13.5 billion settlement.
FERC rejected PG&E’s request to rehear a case where the commission ruled interconnection customers could be harmed by changes occurring outside boundaries.
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.
PG&E won approval for its bankruptcy exit plan, after Gov. Gavin Newsom dropped his objection in the face of the pandemic-caused stock market meltdown.
FERC said it won’t rehear a case on whether Pacific Gas and Electric deserves a $30 million annual incentive adder for staying in CAISO.
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.
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