November 22, 2024

PG&E Bankruptcy

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.
PG&E Judge Weighs Insurers’ Settlement
Attorneys for PG&E urged Bankruptcy Judge Dennis Montali to approve the utility’s proposed $11 billion settlement with insurance companies and hedge funds.
Judge Denies PG&E Bid to Avoid Wildfire Liability
The federal judge in charge of PG&E’s bankruptcy rejected the utility’s argument that it isn’t subject to CA’s legal doctrine of inverse condemnation.
PG&E Seeks to Escape Inverse Condemnation
PG&E’s attorneys argued in federal bankruptcy court that inverse condemnation applies only to public entities and that the utility is not a public entity.
Fight Escalates over PG&E Settlement with Insurers
Wildfire victims and California Gov. Gavin Newsom challenged PG&E’s proposed $11 billion settlement with insurance companies that are seeking reimbursement.
Pressure Grows for Public Takeover of PG&E
More elected officials are calling for a public takeover or restructuring of PG&E after it blacked out millions of Californians to prevent deadly wildfires.

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