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PG&E faces record fine of $2.1 billion for role in wildfires

California regulators increased penalties against PG&E Corp. to $2.1 billion for violations tied to the catastrophic wildfires ignited by the company’s power lines in 2017 and 2018......»»

Category: topSource: moneycentralFeb 28th, 2020

California lawmaker introduces bill to make PG&E a publicly owned utility

A California lawmaker has introduced a bill aimed at making PG&E Corp a publicly owned utility, a year after liabilities from wildfires traced back to some of its equipment pushed the power producer into bankruptcy......»»

Category: topSource: reutersFeb 3rd, 2020

PG&E nearing $13.5 billion deal with wildfire victims -Bloomberg

Bankrupt California power producer PG&E Corp is close to finalizing terms for a $13.5 billion payout to victims of wildfires triggered by its power lines, Bloomberg reported on Wednesday, citing people familiar with the matter......»»

Category: topSource: reutersDec 4th, 2019

PG&E"s Stock Soars On Report Company Nears Wildfire Settlement

PG&E Corporation (NYSE: PCG) stock jumped more than 20% Wednesday after a report the utility is nearing a settlement with victims of California wildfires started by its power lines. 0 read more.....»»

Category: blogSource: benzingaDec 4th, 2019

PG&E nearing $13.5 billion deal with wildfire victims - Bloomberg

Bankrupt California power producer PG&E Corp is close to finalizing terms for a $13.5 billion payout to victims of wildfires ignited by its power lines, Bloomberg reported on Wednesday, citing people familiar with the matter......»»

Category: topSource: reutersDec 4th, 2019

PG&E nearing $13.5 billion deal with wildfire victims - BBG

Bankrupt California power producer PG&E Corp is close to finalizing terms for a $13.5 billion payout to victims of wildfires ignited by its power lines, Bloomberg reported on Wednesday, citing people familiar with the matter......»»

Category: topSource: reutersDec 4th, 2019

Mass timber’s growth moment in California

California has a tree problem, and proponents of mass timber think they have a solution. As the state races to address a string of devastating wildfires fueled by overgrown forests and trees colliding with power lines, those with an interest in wo.....»»

Category: topSource: bizjournalsNov 4th, 2019

Over 1,500 California fires in the last 6 years — including the deadliest ever — were caused by one company: PG&E. Here’s what it could have done, but didn’t.

Noah Berger/AP Pacific Gas & Electric Co. (PG&E) power lines have caused over 1,500 California wildfires in the last six years, including the deadliest blaze in the state's history.  Many critics, including California.....»»

Category: topSource: businessinsiderNov 3rd, 2019

California utility PG&E"s stock tumbles as wildfire spreads

Shares of bankrupt California power utility PG&E Corp extended losses on Monday as investors worried that its equipment might be responsible for wildfires spreading in northern California......»»

Category: topSource: reutersOct 29th, 2019

Underground power lines touted as solution to California wildfires, but they come with a steep price tag

Underground power lines can costs millions of dollars per mile......»»

Category: topSource: foxnewsOct 28th, 2019

Why California Fire Threat Cuts Lights for Millions

Once again, the dry winds that sweep across California each Autumn are stoking fears that utility power lines will topple and spark wildfires. After two years of devastating blazes, the state’s biggest utility, PG&E Corp., is preemptively cut.....»»

Category: topSource: washpostOct 9th, 2019

California"s PG&E cuts power to more than 1M residents to prevent wildfires

The utility plans to shut off power in parts of 34 northern, central and coastal California counties to reduce the chance of fierce winds knocking down or toppling trees into power lines during a siege of hot, dry, gusty weather......»»

Category: topSource: foxnewsOct 9th, 2019

California wildfire plan shows how we can adapt to threat of natural disasters

Last month, the California legislature passed a proposal to reduce the risk that utility power lines will spark wildfires and to socialize the cost of compensating victims when those measures fail......»»

Category: topSource: washpostAug 23rd, 2019

California wildfire plan shows how we can adapt to threat of natural disasters

Last month, the California legislature passed a proposal to reduce the risk that utility power lines will spark wildfires and to socialize the cost of compensating victims when those measures fail......»»

Category: topSource: washpostAug 23rd, 2019

PG&E faces new probation terms aimed at cutting California wildfire risk

A U.S. judge on Tuesday imposed new criminal probation terms on PG&E Corp aimed at reducing the risk that the bankrupt power producer’s equipment will spark more destructive wildfires in wooded areas of California......»»

Category: topSource: reutersApr 2nd, 2019

The 12 deadly California wildfires last fall were reportedly caused by downed power lines

REUTERS/Gene Blevins The 12 Northern California wildfires last fall, including two that killed a total of 15 people, were caused by downed power lines. A government.....»»

Category: topSource: businessinsiderJun 8th, 2018

PG&E shares fall as California links utility company to wildfires

State officials said the fires in question “were caused by electric power and distribution lines, conductors and the failure of power polls.”.....»»

Category: topSource: foxnewsJun 11th, 2018

What’s Causing California’s Annual Wildfires

For the second year in a row, wildfires in California have killed dozens of people, forced thousands from their homes and caused billions of dollars in property damage. And once again, investigators are eying power lines owned by the state’.....»»

Category: topSource: washpostNov 13th, 2018

The Wall Street Journal: PG&E says equipment malfunctioned right before deadliest California wildfire started

Electrical power equipment owned by California’s largest utility company appeared to have malfunctioned in an area where the state’s deadliest wildfire started last week, according to a PG&E Corp. securities filing......»»

Category: topSource: marketwatchNov 13th, 2018

California"s PG&E roiled as regulator raises breakup threat

After years of wildfires linked to power lines, a deadly explosion and accusations of falsified safety records, California utility owner PG&E Corp. is facing a deterioration of trust among state leaders......»»

Category: topSource: moneycentralDec 23rd, 2018