wildfires

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 the state that left more than 100 people dead in 2017 and 2018.  The action by U.S. Bankruptcy Judge Dennis Montali on June 20 authorized […]

Pacific Gas & Electric (PG&E) has pleaded guilty to 84 counts of involuntary manslaughter for its role in a 2018 wildfire considered the most devastating in California history. The Camp Fire, which began when a transmission line broke from an aged PG&E tower, destroyed the town of Paradise. The utility on Tuesday acknowledged its negligence […]

Despite COVID-19’s impact on power demand, disrupted pre-season generation preparation, and an expected highly active hurricane and wildfire season, industry appears well-positioned to meet peak demand this summer under anticipated weather in nearly all parts of the North American bulk power system (BPS).  Other than in the Electric Reliability Council of Texas (ERCOT), anticipated reserve […]

California officials on May 7 approved a $1.9-billion penalty against Pacific Gas & Electric (PG&E) for the company’s role in a series of wildfires that left more than 100 people dead and caused billions of dollars in damage in 2017 and 2018. The damage claims led PG&E to file for bankruptcy in January 2019. PG&E, […]

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 down June 30 after just more than one year on the job. The company said Bill Smith, a PG&E board member, will serve as interim […]

In a modern economy increasingly dependent on electric power, blackouts can wreak havoc when the loads are critical to life, business, and even a comfortable lifestyle. The problem may be growing, but there

A federal bankruptcy judge on Oct. 9 ruled that Pacific Gas & Electric (PG&E), California’s largest utility, does not have the sole right to determine the terms of its reorganization. Judge Dennis Montali said those who support a rival proposal, which was devised by a group of the utility’s creditors, can have their plan considered. […]

Pacific Gas & Electric (PG&E) wants to cap its liabilities from damages caused by California wildfires at about $18 billion, according to the reorganization plan filed by the bankrupt utility September 9 in federal court in San Francisco. The amount is less than half what creditors, including insurance companies and wildfire victims, say they are […]

Pacific Gas & Electric (PG&E) reportedly will soon file a restructuring plan that includes more than $14 billion in equity commitments, as the utility looks to recover from billions of dollars in liabilities tied to its role in California wildfires that caused the company to file the largest utility bankruptcy in U.S. history. Bloomberg on […]

Despite years of escalating natural disasters and dozens of reports examining the science and economic cost of climate change, the Green New Deal framework now languishes as a result of political backlash and its outsize ambition to remake the American economy. But dismissing the issue, and this opportunity, is unnecessary and dangerous.