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bankruptcy


Power Sector Faces Continued Financial Distress in 2021
money-deal-merger-acquisition

The last few months have seen the power sector plagued with enduring lower power prices, exacerbating the continued negative impact on power generation companies and electric utilities. There are a…


Continued Toll on Coal; More Companies File Bankruptcy

The struggling U.S. coal industry, decimated by falling demand for the fuel from the power generation sector, and hit hard by low prices during the coronavirus pandemic, saw two more…


Judge Approves PG&E Bankruptcy Exit

A federal judge in California has approved Pacific Gas & Electric’s plan to exit bankruptcy, clearing the way for the utility to compensate victims of a series of wildfires in…


Renewables Gain Investors as Some Flee Oil, Gas, and Coal

The global crash of prices for crude oil, on top of a prolonged slump in the price of natural gas, is taking a toll on the oil and gas sector.…


Johnson Stepping Down as PG&E CEO

Pacific Gas & Electric (PG&E) announced April 22 that Bill Johnson, the president and CEO who took over those roles in the midst of the company’s bankruptcy proceedings, will step…