Tag Archives: PGE

Nation’s Largest Utility Files For Chapter 11 Bankruptcy

The Associated Press reports: Pacific Gas & Electric Corp., the nation’s biggest utility, filed for bankruptcy reorganization Tuesday in a bid to relieve itself of some of the billions of dollars in damages it could face as a result of California’s devastating wildfires. The Chapter 11 filing allows PG&E to continue operating while it puts its finances in order. But …

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California’s PG&E To Declare Bankruptcy Over Wildfires

The Wall Street Journal reports: PG&E Corp. said it will seek Chapter 11 bankruptcy protection, a day after the company’s CEO stepped down over the financial fallout spurred by the utility’s role in helping spark the California wildfires. The company and its wholly owned subsidiary, Pacific Gas & Electric Co., said they plan to file a petition on or around …

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California’s PG&E Mulls Bankruptcy Over Wildfires

Reuters reports: California utility company PG&E Corp is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said on Friday. The company is considering the move as a contingency, in part because it could soon take a …

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PG & E Gives $250K To Fight Prop 8

Pacific Gas & Electric, which provides Northern California with most of its electricity and natural gas, has donated $250K to the fight against Proposition 8. Giving a financial and public relations boost to gay marriage proponents, PG&E announced today that it is giving $250,000 to the No on Proposition 8 campaign. The utility also said it will spearhead the formation …

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