Millions of Californians were without power Sunday as Pacific Gas and Electric Co. implemented its largest-ever blackout to prevent wildfires during high and hot winds, Kallanish Energy reports. The outages extend from parts of California’s Humboldt County to the Salinas Valley and were expected to reach a portion of the state’s Kern County by Sunday
Read More...Holding company PG&E Corp., operating under bankruptcy court protection, said the board of its Pacific Gas and Electric Co. unit (also in bankruptcy), has appointed Andrew M. Vesey CEO and president, effective Aug. 19. He will report to PG&E Corp. CEO and president Bill Johnson, Kallanish Energy reports. In his role, Vesey will have responsibility
Read More...California utility Pacific Gas & Electric (Pg&e) knew power lines in Northern California could fail and cause wildfires, but the company delayed repairs for years before a 2018 blaze that killed 85 people, according to a Wall Street Journal investigation. The utility identified parts that needed repair on its transmission lines to prevent “structure failure resulting (in) conductor
Read More...Pacific Gas and Electric said Wednesday it’s reached agreements to resolve wildfire claims made by 18 local public entities (cities, counties, districts and public agencies) impacted by the 2015 Butte Fire, 2017 Northern California wildfires and 2018 Camp Fire. Under the agreements, $1 billion in payments will be made as part of a Chapter 11
Read More...California authorities said Wednesday power lines owned and operated by Pacific Gas & Electric Corp. (PG&E) caused the state’s most destructive wildfire ever – which killed 85 and nearly destroyed an entire city, Kallanish Energy learns. Lines owned by the San Francisco-based utility sparked the Camp Fire on Nov. 8, in Butte County, California, the state Department of Forestry and Fire
Read More...Embattled PG&E Corp. and its utility Pacific Gas and Electric, on Wednesday announced the appointment of William “Bill” Johnson as president and CEO, Kallanish Energy reports. In addition, the company, currently operating under Chapter 11 bankruptcy protection, named 10 new board members, to be appointed at the company’s next board meeting. The San Francisco-based utility
Read More...A federal judge in San Francisco is barring utility giant Pacific Gas and Electric from re-issuing dividends in favor of using the funds for reducing the risk of wildfires in the company’s service area. U.S. District Judge William Alsup, in a court hearing Tuesday, also said he will monitor PG&E’s compliance with new wildfire prevention
Read More...Bankrupt California power provider PG&E Corp. won court approval last week for a $5.5 billion loan to help maintain electricity and natural gas delivery and for investments to reduce the risk of wildfires as it reorganizes. The financing will comprise a $3.5 billion revolving credit facility, a $1.5 billion term loan and a $500 million
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