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California fire victims want utility liability law to remain

Victims of California's deadliest wildfires joined politicians on Wednesday to urge state lawmakers to stop trying to overhaul liability laws on wildfires......»»

Category: topSource: foxnewsJul 11th, 2018

PG&E Shares Plunge Once More, Falling Almost 50% in 5 Days

Insurance may not cover possible Camp Fire liability. California utility company PG&E is watching its stock price continue to erode at a breathtaking.....»»

Category: europeSource: fortuneNov 14th, 2018

PG&E To Scrap Employee Bonuses After Protest From Fire Victims

PG&E is planning to scrap $130 million in bonuses owed to thousands of employees, a move that comes after protests from victims of several California wildfires......»»

Category: smallbizSource: wsjFeb 24th, 2019

The Wall Street Journal: PG&E employees won’t get $130 million in bonuses after fire victims protest

The utility filed for bankruptcy last month......»»

Category: topSource: marketwatchFeb 23rd, 2019

California"s Two Remaining Utilities Are One Fire Away From Bankruptcy

Two weeks after California's largest utility PG&E filed for bankruptcy protec.....»»

Category: blogSource: zerohedgeFeb 10th, 2019

Utility bankruptcy could cost wildfire victims

Faced with many lawsuits over California wildfires, Paci.....»»

Category: topSource: usatodayJan 29th, 2019

PG&E files for bankruptcy amid California wildfire lawsuits, citing billions in claims

The utility filed bankruptcy documents despite investigators determining last week that its equipment was not to blame for a 2017 fire that .....»»

Category: topSource: usatodayJan 29th, 2019

PG&E"s stock pulls back after J.P. Morgan still expects bankruptcy despite positive Tubbs Fire ruling

Shares of PG&E Corp. dropped 9.4% in premarket trade Friday, after rocketing 74.6% the previous session, after J.P. Morgan analyst Christopher Turnure said he continues to assume the California utility will file for bankruptcy despite a favorable.....»»

Category: topSource: marketwatchJan 25th, 2019

PG&E"s Latest Blow: A Call to Replace Its Entire Board

The beleaguered California utility, already close to bankruptcy, is now under fire from hedge fund BlueMountain Capital and other shareholders......»»

Category: topSource: barronsJan 25th, 2019

PG&E Stock Surges 75% After California Fire Investigators Clear the Utility in 2017’s Deadly Tubbs Fire

The fire, which killed 22 people, was caused by "a p.....»»

Category: europeSource: fortuneJan 24th, 2019

The Wall Street Journal: PG&E shares soar 75% after utility found not responsible for devastating 2017 wildfire

PG&E Corp. shares surged Thursday after California fire investigators said the deadliest in a series of 2017 state wildfires wasn’t caused by the utility......»»

Category: topSource: marketwatchJan 24th, 2019

PG&E stock soars on probe clearing utility of blame for a big 2017 wildfire

San Francisco-based PG&E Corp. shares were up almost 80 percent Thursday after a Cal Fire investigation cleared the company of blame for one of the largest 2017 California wildfires. The news sent PG&E (NYSE: PCG) shares up 75 percent, or 5.96, to $13.....»»

Category: topSource: bizjournalsJan 24th, 2019

PG&E stock rallies after California says 2017 wildfire unconnected to utility

Shares of PG&E Corp. shot up 10% in late trading Thursday after California's fire protection department said the October 2017 Tubbs fire, in Northern California's Sonoma County, was caused by a "private electrical system" adjacent to a home......»»

Category: topSource: marketwatchJan 24th, 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 wi.....»»

Category: topSource: usatodayJan 15th, 2019

PG&E Prepares for Bankruptcy Amid Wildfire Fallout

PG&E plans to file for bankruptcy protection by the end of the month as the utility faces more than $30 billion in potential liability costs related to its role in sparking deadly California wildfires......»»

Category: smallbizSource: wsjJan 15th, 2019

No clear path for California as massive PG&E utility nears bankruptcy

PG&E Corp's announcement that it will file for bankruptcy, citing massive potential liability from deadly wildfires, puts California politicians in quandary, whether to offer a bailout or risk allowing the state's largest private utility to fail......»»

Category: topSource: reutersJan 15th, 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......»»

Category: topSource: marketwatchJan 14th, 2019

California utility PG&E explores bankruptcy filing: sources

(This January 4 story has been corrected to remove incorrect reference to the Woolsey fire).....»»

Category: topSource: reutersJan 9th, 2019

Judge proposes PG&E power restrictions for next California fire season

A U.S. judge on Wednesday issued a proposed order to restrict utility PG&E from using power lines deemed to be unsafe during high winds in the 2019 California fire season, according to a court filing......»»

Category: topSource: reutersJan 9th, 2019

PG&E is reportedly considering bankruptcy

PG&E shares fell 20 percent in after-hours trading Friday when Reuters reported that the San Francisco-based utility is considering filing for bankruptcy protection as it grapples with potential liability tied to deadly California wildfires. One step th.....»»

Category: topSource: bizjournalsJan 5th, 2019

PG&E shares plunge on report utility is considering bankruptcy

PG&E shares fell 20 percent in after-hours trading Friday when Reuters reported that the San Francisco-based utility is considering filing for bankruptcy protection as it grapples with potential liability tied to deadly California wildfires. One step th.....»»

Category: topSource: bizjournalsJan 4th, 2019