California fires


Bankrupt PG&E granted $5.5 billion loan

California-based utility Pacific Gas & Electric has been granted court approval to take on a $5.5 billion loan, financed by JPMorgan Chase & Co, Bank of America Merrill Lynch, Barclays Plc and Citigroup Inc.
PG&E wildfires

PG&E cleared of 2017 fires

Despite prior contrary findings by the Cal Fire, Pacific Gas & Electric (PG&E) has been cleared of criminal charges related to 8 wildfires in 2017.

SCE blamed for California’s second-biggest wildfire in history

The findings of an investigation by California’s Ventura county’s fire department has aimed the blame for the state’s second biggest wildfire at squarely at Southern California Edison (SCE).

California utilities burnt by S&P downgrade

As Pacific Gas & Electric plunged into bankruptcy in January 2019, Standard & Poors (S&P) Global Ratings slashed the credit grade for California’s other two major electric utilities

PG&E break company up to protect against fire liability?

Pacific Gas and Electric (PG&E) has hired Will, Gotshal & Manges LLP to export debt restructuring options. One of the options available to PG&E is...

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