Pg&e News, Photos, Videos and Tweets
PG&E faces bankruptcy over California wildfires
PG&E, the nation's largest utility, plans to file for Chapter 11 bankruptcy because it faces at least $30 billion in potential damages over the catastrophic wildfires in California that killed scores of people and destroyed thousands of homes. (Jan. 15)
pg&e - USA Today10:28am PST - January 15th, 2019
The California utility getting crushed this week was a favorite of big-name hedge fund managers
PG&E Corp. stock added to its abysmal three-month slide Tuesday as the former hedge fund favorite prepares for bankruptcy.
pg&e - CNBC8:53am PST - January 15th, 2019
PG&E ex-CEO receives $2.5 million in severance as company announces plans for bankruptcy
The ex-PG&E CEO resigned Sunday ahead of the utility's impending bankruptcy due to potential liability for its role in recent California wildfires.
pg&e - USA Today7:51am PST - January 15th, 2019
PG&E plunges for second day after step toward bankruptcy
Shares in California power company PG&E fell sharply for a second day on Tuesday as investors took fright at the prospect of bankruptcy proceedings to protect from $30 billion in potential liabilities related to wildfires in 2017 and 2018.
pg&e - Reuters7:22am PST - January 15th, 2019
PG&E plunges for second day after step toward bankruptcy
Shares in California power company PG&E fell sharply for a second day on Tuesday as investors took fright at the prospect of bankruptcy proceedings to protect from $30 billion in potential liabilities related to wildfires in 2017 and 2018.
pg&e - Reuters7:22am PST - January 15th, 2019
California Today: California Today: The Biggest Unanswered Questions for PG&E
Tuesday: What consumers should watch as PG&E files for bankruptcy; the L.A. teachers’ strike gets underway; and the story of street vendors in photos
pg&e - The New York Times6:10am PST - January 15th, 2019
Recode Daily: The bizarre story of the most popular photo on Instagram: An egg
Plus: PG&E files for bankruptcy after being found liable for $30 billion in wildfire costs; whoever owns the Instagram account of that brown egg is sitting on a social media goldmine; the rise of the Swiss Army gadget.
pg&e - Recode5:56am PST - January 15th, 2019
PG&E Bankruptcy Threatens California Wildfire Suits, Green-Power Contracts
The expected bankruptcy filing has enormous repercussions for everyone from the homeowners suing the utility for California wildfire damages to the companies that furnish it with green energy.
pg&e - The Wall Street Journal5:00am PST - January 15th, 2019
PG&E further downgraded to 'poor standing'
Prompted by the announcement that PG&E and its parent expect to make a Chapter 11 bankruptcy.
pg&e - Axios6:36pm PST - January 14th, 2019
California governor faces first major test navigating PG&E bankruptcy waters
Finding a politically palatable route to resolve the utility's financial woes will not be easy.
pg&e - Politico4:05pm PST - January 14th, 2019
California utility firm suspected of starting deadly wildfires goes bankrupt
Pacific Gas and Electric, which supplies 16 million residents, is under investigation for its role in the Camp fire and others The utility company that services more than a third of California announced Monday it plans to file for bankruptcy by the end of the…
pg&e - The Guardian (AU)3:37pm PST - January 14th, 2019
PG&E bond prices fall, spreads widen on bankruptcy plans
Bonds of PG&E Corp , owner of the biggest U.S. power utility by number of customers, plunged on Monday after the company said it is preparing to file for Chapter 11 bankruptcy protection as it faces liabilities linked to wildfires in California.
pg&e - Reuters12:23pm PST - January 14th, 2019
No. 1 U.S. utility PG&E prepares bankruptcy filing after California wildfires
PG&E Corp , owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California's catastrophic wildfir…
pg&e - Reuters9:57am PST - January 14th, 2019
PG&E prepares bankruptcy filing after California wildfires
PG&E Corp , owner of the biggest U.S. power utility by number of customers, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 20…
pg&e - Reuters9:12am PST - January 14th, 2019
No Fortune 500 companies are headed by women of color
Geisha Williams' departure from PG&E cemented the stat.
pg&e - Axios8:42am PST - January 14th, 2019
The Wall Street Journal: PG&E to file for bankruptcy due to California wildfires
Utility faces more than $30 billion in potential liability costs related to its role in sparking deadly California wildfires.
pg&e - The Wall Street Journal8:20am PST - January 14th, 2019
Geoengineering could solve our climate problems if anyone allowed it
This weekend, I finished reading Oliver Morton’s The Planet Remade (thanks to reader Eliot Peper for recommending it). Morton has a multitude of goals with the book, but there were two I think are deeply valuable. First, geoengineering is a plausible approach…
pg&e - TechCrunch8:06am PST - January 14th, 2019
California’s largest utility PG&E to file for bankruptcy as wildfire costs exceed $30 billion
The company has seen two-thirds of its market value wiped out since November’s Camp Fire — the deadliest wildfire in California’s history
pg&e - Financial Post7:42am PST - January 14th, 2019
PG&E bond prices fall; spreads widen on bankruptcy plans
Bonds of PG&E Corp , owner of the biggest U.S. power utility by number of customers, plunged on Monday after the company said it is preparing to file for Chapter 11 bankruptcy as it faces liabilities linked to wildfires in California.
pg&e - Reuters7:11am PST - January 14th, 2019
California utility seeks bankruptcy protection following wildfires as CEO resigns, barricades put out front... - Fox News
California utility seeks bankruptcy protection following wildfires as CEO resigns, barricades put out front... Fox News PG&E, utility tied to wildfires, will file for bankruptcy CNN PG&E Sparked at Least 1500 California Fires. Now the Utility Faces Collapse. …
pg&e - Fox News6:58am PST - January 14th, 2019
PG&E Was a Hedge-Fund Darling. That Bet Flopped.
Utilities have long been considered ultrasafe bets. Some big investors are now learning that isn’t always true after they snapped up shares of California utility PG&E just before the deadly November wildfire started.
pg&e - The Wall Street Journal6:51am PST - January 14th, 2019
Popular Hedge-Fund Bet on PG&E Upended by California’s Deadliest Fire
Utilities have long been considered ultrasafe bets. Some big investors are now learning that isn’t always true after they snapped up shares of California utility PG&E during the third quarter of 2018.
pg&e - The Wall Street Journal6:51am PST - January 14th, 2019
PG&E Was a Hedge-Fund Darling. That Bet Flopped.
Utilities have long been considered ultrasafe bets. Some big investors are now learning that isn’t always true after they snapped up shares of California utility PG&E just before the deadly November wildfire started.
pg&e - The Wall Street Journal6:51am PST - January 14th, 2019
PG&E stock crashes nearly 50% as utility says it will file for bankruptcy because of wildfires liability
PG&E craters after it said it will file for bankruptcy protection amid financial anguish stemming from its role in California's devastating wildfires.
pg&e - CNBC5:50am PST - January 14th, 2019
PG&E plans to file for bankruptcy amid wildfire costs
The utility faces an estimated $30bn in liabilities from California fires
pg&e - Financial Times5:40am PST - January 14th, 2019