Photo of PG&E line worker at sunset

Bankrupt PG&E Wants to Give $235 Million in Bonuses

SAN FRANCISCO — Pacific Gas & Electric Corp. sought a judge's approval to pay $235 million in bonuses to thousands of employees despite the California utility's bankruptcy. The money is intended to provide incentives to workers and will not be distribut...
Photo of a downed utility pole

PG&E Files for Bankruptcy Amid Wildfire Lawsuits

SAN FRANCISCO — 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...
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Sears Staves Off Liquidation, Stores to Remain Open

NEW YORK — Sears will live on — at least for now. "While there's no doubt that a shrunken Sears will be more viable than the larger entity, which struggled to turn a profit, we remain extremely pessimistic a...
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Newsom Vows Energy Will Flow Despite PG&E Bankruptcy

SAN FRANCISCO — The nation's largest utility said Monday it is filing for Chapter 11 bankruptcy because it faces at least $30 billion in potential damages from lawsuits over the catastrophic wildfires in Califo...
Photo of then-Pacific Gas and Electric President Chris Johns, left, and then-vice president of energy delivery Geisha Williams

PG&E, Facing Colossal Liability, Seeks Bankruptcy Protection

Pacific Gas and Electric said it plans to file for bankruptcy protection amid potentially massive liabilities resulting from the deadly California wildfires. "The Chapter 11 process allows us to work with these many constituents in one court-supervised foru...

PG&E Credit Rating Slashed to Junk Status by S&P

NEW YORK — S&P slashed PG&E's credit rating to junk status as the utility grapples with the political and financial fallout from costly and deadly wildfires in California. The ratings agency cut the ...

Is Bankruptcy Near for Reeling PG&E?

SAN FRANCISCO — California's largest power company is getting battered in midday trading Monday on reports that it's considering bankruptcy protection in the face of potentially crippling liability damages from...
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Gov. Brown Tweets to California: ‘Thank You’

Gov. Jerry Brown will finish his final term at noon Monday and then head to his Colusa ranch with wife, Anne Gust Brown. Brown tweeted a video compilation of his accomplishments Friday afternoon, along with a three-word political farewell: "Thank you, Calif...