Regulators waive $200M fine on PG&E for causing deadly fires

The waiver approved in a unanimous vote by California’s Public Utilities Commission will deprive the state coffers of money to help offset losses income and sales taxes as the coronavirus pandemic pushes the state into a $54 billion budget deficit.

PG&E fined $900,000 for gas explosion in San Francisco

An investigation into a 2017 gas explosion in San Francisco has resulted in a citation and $900,000 fine for utility PG&E because it failed to properly seal and cap a line more than 14 years ago.

Third member of PG&E bankruptcy committee resigns, criticizes PG&E plan

Karin Gowins, the former comptroller for Paradise, told The Associated Press Friday that she resigned from the bankruptcy committee overseeing the claims of wildfire victims so she can publicly lambaste what she believes is a deeply flawed, $13.5 billion settlement with PG&E.

PG&E reaches bankruptcy deal with California governor

Pacific Gas & Electric and California Gov. Gavin Newsom announced a deal Friday that removes one of the last hurdles for the nation’s largest utility to emerge from a bankruptcy triggered by its massive liabilities from wildfires.

PG&E says it has settled one battle involving wildfire fund

Pacific Gas & Electric told a federal bankruptcy judge Tuesday that it has settled a dispute with disaster-relief agencies that threatened to siphon money away from a $13.5 billion fund earmarked for victims of catastrophic wildfires in California caused by the nation’s largest utility.

PG&E banking on big profits after utility leaves bankruptcy

PG&E wound up losing nearly $7.7 billion last year, widening from its previous record loss of $6.8 billion in 2018.The projections released Tuesday by PG&E envision the company rebounding this year with a profit of $454 million.