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PG&E’s Falling Stock Price Worries Fire Victims Eyeing Deal

BERKELEY — The stock market turmoil triggered by the coronavirus pandemic is raising worries that Pacific Gas & Electric's $13.5 billion settlement with victims of catastrophic wildfires may be worth far less by the time the beleaguered company emerges fro...
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PG&E Reaches Bankruptcy Deal With Newsom

SACRAMENTO — Pacific Gas & Electric and Gov. Gavin Newsom announced a deal Friday for the nation's largest utility to emerge from bankruptcy triggered by massive liabilities from wildfires. “This is the ...
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PG&E’s $23B Bankruptcy Financing Package Approved by Court

BERKELEY — Pacific Gas & Electric on Monday won court approval to raise $23 billion to help pay its bills over destructive California wildfires after Gov. Gavin Newsom dropped his opposition to a financing package designed to help the nation's largest util...

Governor Threatens Possible PG&E Takeover if No Plan is Made

SACRAMENTO — Gov. Gavin Newsom on Friday threatened a possible takeover of Pacific Gas & Electric unless it can emerge from bankruptcy ahead of next year's wildfire season with a plan focused on safety. The utlitity is blamed for sparking deadly wildfires ...

Insurance Claims from Deadly California Wildfires Top $12B

SACRAMENTO — Insurance claims have topped $12 billion for the November wildfires in California, making them the most expensive in state history. The figure released Wednesday by Insurance Commissioner Ricardo Lara covers the fire that largely destroyed the ...