November 16, 2024

Pacific Gas and Electric (PG&E)

PG&E Settles with Bondholders; Governor Objects
PG&E settled with bondholders whose competing reorganization plan may have been the biggest threat to having its own Chapter 11 reorganization plan adopted.
California PUC to Examine Gas Safety, Reliability
The California PUC launched an examination of the state’s natural gas infrastructure and the rules governing it for the first time in 16 years.
Disasters Prompt California Rate Case Change
The California Public Utilities Commission decided to extend the general rate case cycle for the state’s investor-owned utilities from three years to four.
California PUC Devoting $1.2B to Self-generation
The California PUC approved $830 million in incentives for self-generation with the goal of benefiting disadvantaged customers who live in fire-prone areas.
FEMA Wants $4 Billion from PG&E in Bankruptcy
FEMA's claims that Pacific Gas and Electric owes it more than $3.9 billion have thrown the utility’s Chapter 11 case into disarray.
Newsom Budget Reiterates PG&E Takeover Threat
Gov. Gavin Newsom released an outline of his proposed 2020-2021 budget that included language reiterating his threat to take over Pacific Gas and Electric.
PG&E Turmoil Will Occupy West Again in 2020
PG&E's bankruptcy looks likely to continue through the first half of 2020, while CAISO seeks to expand its EIM and meet reliability requirements.
Judge OKs PG&E Deals with Fire Victims, Insurers
PG&E scored major wins in its effort to emerge from Chapter 11 bankruptcy with its shareholders still in control of the utility.
PG&E Chapter 11 Plan Won’t Do, Governor Tells Judge
California Gov. Gavin Newsom told the bankruptcy court he objects to the plan PG&E submitted, including the proposed $13.5 billion settlement with victims.
PG&E Reaches $13.5B Deal with Wildfire Victims
PG&E announced it had reached a $13.5 billion settlement with the individual victims of wildfires sparked by its equipment from 2015 to 2018.

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