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PG&E wildfire plan: Blackouts, tree trimming and higher rates

Pacific Gas and Electric, the troubled California utility, said on Wednesday that it would cut off power during dry and windy weather more frequently, trim more trees along its power lines and spend as much as $2.3 billion to reduce the risk of wildfires......»»

Category: topSource: moneycentralFeb 7th, 2019

Goldman, Bank Of America Made Hundreds Of Millions From Texas Blackouts

Goldman, Bank Of America Made Hundreds Of Millions From Texas Blackouts Who needs Enron when you have taxpayer-backed "banks." Whereas 20 years ago, it was Enron that made billions from the California electricity c.....»»

Category: blogSource: zerohedgeMar 5th, 2021

California state legislature approved $1 billion in emergency coronavirus aid spending and then suspended its work for the first time in 158 years

California's state legislature went into suspension until April 13 to try to help contain the spread of the coronavirus, as first reported by the Associated Press. Before suspending, the body authorized Governor Gavin Newsom to spend up.....»»

Category: topSource: businessinsiderMar 17th, 2020

Economist warns of economic toll on California from blackouts, exodus and "fading" housing demand

Bank of the West’s economics team estimates this year’s California wildfires and blackouts could have an economic cost of $5.4 billion......»»

Category: topSource: bizjournalsDec 17th, 2019

Could California"s power blackouts save Bloom Energy?

Bloom Energy CEO: “We have witnessed how vulnerable our state electricity infrastructure is and how unprepared we are as a society to cope with the consequences of climate change.".....»»

Category: topSource: bizjournalsNov 8th, 2019

PG&E Cuts Off Power, Costs California Economy $2.6 Billion

More than 800,000 PG& E customers will soon be dealing with an electrical power shutdown that went into effect early Wednesday as the company tries to avoid another wildfire in the face of........»»

Category: blogSource: 247wallstOct 9th, 2019

Column: Uber, Lyft and DoorDash will spend $90 million to avoid paying their drivers better

Uber, Lyft and Doordash will spend $90 million to undercut a California employment law. Uber, Lyft and Doordash will spend $90 million to undercut a California employment law......»»

Category: topSource: latimesSep 3rd, 2019

Column: Uber, Lyft and Doordash will spend $90 million to avoid paying their drivers better

Uber, Lyft and Doordash will spend $90 million to undercut a California employment law. Uber, Lyft and Doordash will spend $90 million to undercut a California employment law......»»

Category: topSource: latimesSep 3rd, 2019

Stanford offers $4.7 billion for California housing, transit

Stanford University, hoping to appease officials opposed to its planned expansion, is offering to spend $4.7 billion to relieve pressures on housing and transit that are plaguing residents of California’s Bay Area......»»

Category: topSource: moneycentralJun 25th, 2019

Judge approves bankruptcy loan for PG&E

Bankrupt California power provider PG&E Corp won court approval on Wednesday 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......»»

Category: topSource: moneycentralMar 27th, 2019

U.S. judge approves bankruptcy loan for California power producer PG&E

Bankrupt California power provider PG&E Corp won court approval on Wednesday 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......»»

Category: topSource: reutersMar 27th, 2019

Google to build $1 billion NYC campus, double local workforce

Alphabet Inc. said Monday it will spend $1 billion on a new New York City campus. The move will allow the Mountain View, California-based tech giant and owner of Google Inc. to double its staff in N.Y.C. within a decade.  The new campus, dubbed Go.....»»

Category: topSource: bizjournalsDec 17th, 2018

Why Californians May Pay 5 Times More for Electricity This Year

Northern California gas and electric company PG&E told a federal judge today that his demand for a vegetation management plan could cost the company up to $150 billion and raise customers rates........»»

Category: blogSource: 247wallstJan 24th, 2019

Critics ask what took PG&E so long on wildfire safety effort

Pacific Gas & Electric Corp. is promising to spend more than $2 billion this year to improve wildfire prevention after its equipment was blamed for causing more than 1,500 Northern California wildfires since 2014......»»

Category: topSource: foxnewsFeb 7th, 2019

Google to spend $13 billion in U.S. cities

California tech giant Google is investing $13 billion into expanding across the U.S. this year. Google CEO Sundar Pichai announced Feb. 13 in a company blog post that the tech company will expand its existing Madison and Chicago offices, and op.....»»

Category: topSource: bizjournalsFeb 14th, 2019

Google fired 28 employees for staging in-office protests against the company"s contract with Israel

Nine Google workers were arrested during protests against the company's joint $1.2 billion contract with Israel. Tuesday's protests in California and New York led to 28 terminations and nine .....»»

Category: topSource: businessinsiderApr 18th, 2024

Fast-food franchisees in California fear they"ll lose customers to Chili"s and Applebee"s as prices soar over $20 wage

Fast-food franchisees in California worry diners may flock to Chili's and Applebee's to avoid price hikes introduced to offset the $20 fast-food wage. Fast-food franchisees in California are raising p.....»»

Category: dealsSource: nytApr 14th, 2024

How Nespresso and Keurig spend millions trying to solve coffee-pod waste

Coffee companies like Keurig and Nespresso produce almost 50 billion single-serve coffee pods a year. Club Coffe.....»»

Category: topSource: businessinsiderApr 10th, 2024

EQT Exeter buys huge California industrial building for $197 million

EQT Exeter last summer closed a $4.9 billion fund to invest in industrial properties across the U.S., looking to capitalize on reduced prices amid higher interest rates.....»»

Category: topSource: bizjournalsApr 10th, 2024

Market Extra: Why demand for Fed’s reverse repo facility is surging again

Nearly two months ago, the Federal Reserve's reverse repo program had almost no customers. Now demand for the lending program is back to roughly $400 billion overnight, its highest since June 2017, according to Tradeweb data......»»

Category: topSource: marketwatchMay 25th, 2021