PG&E is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings.
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PG&E's Bankruptcy Was Predictable And Could Have Been Prevented With Distributed AssetsWildfires may be the immediate cause of PG&E’s bankruptcy but an outdated regulatory system is also a factor. As such, PG&E’s financial and legal woes could have been mitigated not just by having better oversight but also by making more investments in distributed generation and delivery.
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Into and Out of and Back Into Bankruptcy Court: A PG&E TimelineA timeline of major events in PG&E's corporate history from 2001, when it first filed for Chapter 11 bankruptcy protection, through Tuesday, when the company began the reorganization process again.
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California Wildfire Insurance Claims Total $11.4 Billion For November 2018This week the state's largest utility, PG&E Co., is expected to file for bankruptcy protection due to its potential liabilities.
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PG&E Is Just The First Of Many Climate Change BankruptciesPG&E was the victim of multiple random acts of climate violence. It could have been better prepared but could not have, alone, saved its customers, investors, creditors, etc., from these consequences of climate change. If we hold companies liable, expect many more climate change bankruptcies.
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California Power Provider PG&E Files For Bankruptcy In Wake Of Fire LawsuitsThe utility is facing billions of dollars in legal liability for fires caused by its equipment. PG&E filed for Chapter 11 bankruptcy, which would let it restructure its debts.
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PG&E Is Just The First Of Many Climate Change BankruptciesPG&E was the victim of multiple random acts of climate violence. It could have been better prepared but could not have, alone, saved its customers, investors, creditors, etc., from these consequences of climate change. If we hold companies liable, expect many more climate change bankruptcies.
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PG&E Says Federal Judge's Safety Plan Is Not Feasible And Too ExpensiveThe utility company is trying to convince a federal judge to modify a wide-ranging proposal to mitigate wildfire risk. PG&E is also seeking bankruptcy protection.
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