SAN FRANCISCO — The state senators grilling the CEO of Pacific Gas & Electric Corp. were upset — like millions of other Californians, some spent days in the dark when the nation’s largest utility shut off power during windstorms this fall. The lawmakers demanded that the executive explain why blackouts...
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 The utlitity is blamed for sparking deadly wildfires across the state with its outdated equipment. Newsom called...
San Francisco Can Pursue Legal Fight With PG&E, Judge Rules
SAN FRANCISCO — A judge has allowed San Francisco to renew its stalled legal fight with Pacific Gas & Electric Corp. over power delivery costs. The city has been fighting with PG&E for years, arguing the utility requires it to install unnecessary and costly equipment in large projects like affordable...
Troubled PG&E Names New Chief Executive, Board
SACRAMENTO — The troubled California utility Pacific Gas & Electric Corp. named a new chief executive and board members Wednesday amid a bankruptcy proceeding. The San Francisco-based utility chose Bill Johnson as its chief executive officer and president and named 10 new board members, including former U.S. ambassadors and members...
Gov. Newsom Criticizes PG&E’s Plan for New Board
SACRAMENTO — California Gov. Gavin Newsom said Thursday that Pacific Gas & Electric Corp. plans to remake its board of directors with hedge fund financiers and people who have little experience in utility operations and safety, and he urged the utility's leader to change course. "With this move, PG&E would...
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 distributed if the company doesn't meet safety and financial goals,...
Judge: PG&E Put Profits Over Wildfire Safety
SAN FRANCISCO — A U.S. judge berated Pacific Gas & Electric Corp. on Wednesday, accusing the nation's largest utility of enriching shareholders instead of clearing trees that can fall on its power lines and start fires and making "excuses" to avoid turning off electricity when fire risk is high. Judge...
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 as a result of California's devastating wildfires. The Chapter 11 filing allows PG&E to continue...