California fires

California wildfires

PG&E agrees to $11 billion in compensation for California wildfires

The settlement approved the court for California’s Northern District has according to PG&E, been agreed to in principle, and will cover 85% of insurance claims related to the 2017 Northern California Wildfires, and 2018 Camp Fire, that left towns like Paradise in ashes, and claimed over 100 lives.
california wildfires

California proposes storage incentives for wildfire-vulnerable residents

A $100 million storage incentives scheme to assist a new kind of energy-vulnerable consumer.
vegetation

PG&E vegetation management found lacking

California utility Pacific Gas & Electric (PG&E), which has been blamed for some of the state's most devastating recent wildfires, failed to cut back or remove thousands of trees which posed a threat to powerlines.
California wildfires

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

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).
Utilities

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
wildfire

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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