CA Current

Pacific Gas & Electric argues that its proposal before utility regulators to issue $7.5 billion in 30-year bonds to be repaid by ratepayers is a good deal for its customers. This low-cost refinancing of shareholder debt to cover utility wildfire costs “will enable PG&E to promptly move $6 billion in debt off its balance sheet,” […]

Pacific Gas & Electric is seeking regulatory permission to shift $7.5 billion of its 2017 wildfire costs from shareholders to ratepayers. Ratepayer advocate groups, both large and small, strenuously object on grounds it places an inordinate financial risk on utility customers while providing them little or no benefit. “It is morally reprehensible,” April Rose Maurath […]

Two of California’s three investor-owned utilities reported second quarter earnings this week. Edison International’s earnings were not as rosy as the same quarter last year, Pacific Gas & Electric Corp’s were not as bad. Sempra reports earnings next week. Edison International, the parent company of Southern California Edison, reported a drop in second quarter earnings […]

Following an investigation, Cal-Fire concluded July 16 that Pacific Gas & Electric was responsible for starting the Kincaid Fire near Geyserville, in Sonoma County, last October. The fire began Oct. 23 and burned until Nov. 6, destroying 374 structures and scorching nearly 78,000 acres. The announcement comes less than a month after PG&E emerged from […]

As summer temperatures increase, Gov. Gavin Newsom announced the addition of 858 fire fighters in CaFire ranks and six new California Conservation crews. Safety protocols to avoid the spread of Covid-19 will be in place for firefighters and those evacuated. “Even in a challenging budget climate, we have undertaken major action and made significant investments […]

Before the start of the fireworks, Pacific Gas & Electric announced it funded most of the $6.75 billion cash payment to fire victims. It also lined up another $12 billion to pay insurance claims as well as cities impacted by utility-sparked fires that burned from 2015-2018. Hydrogen fuel to lower transportation emissions, California’s biggest source […]

Updated July 2 Pacific Gas & Electric announced July 1 it funded much of the cash portion of its $13.5 billion settlement with victims of wildfires from 2015-18, as well as the Oakland Ghost Ship warehouse fire. PG&E funded the victim trust with $5.4 billion in cash. It will receive a further $650 million cash […]

There is a clue in the new budget agreed to by lawmakers and the governor that they are serious about taking over PG&E and turning it into a non-profit utility. The budget contains a provision for a $50 million loan to the new entity under the newly enacted SB 350. That law says PG&E would […]

Gov. Gavin Newsom signed into law June 30 legislation creating a state takeover of Pacific Gas & Electric if it is unable to complete its $58 billion in post bankruptcy financing by Sept. 30. If poorly maintained utility equipment causes another fire or disaster that also would trigger the takeover under SB 350 by Sen. […]

California sets the nation’s first statewide mandate to electrify medium- and heavy-duty trucks beginning in 2024. State energy regulators and utilities will play key roles in the success of the transition away from polluting diesel trucks to electrified ones by getting needed charging infrastructure built. The California Public Utilities Commission expands the local resources adequacy […]

The U.S. Bankruptcy Court confirmed Pacific Gas & Electric’s $58 billion reorganization to resolve massive claims—from wildfire victims and other creditors—10 days ahead of a legislative June 30 deadline. That is the final date for accessing the $21 billion utility ratepayer and shareholder funded fire trust, which PG&E and the court have kept their eyes […]

Pacific Gas & Electric pled guilty June 16 in Butte County Superior Court to 84 counts of manslaughter and one count of illegally starting the 2018 Camp Fire. “I have heard the pain and the anguish of victims as they’ve described the loss they continue to endure, and the wounds that can’t be healed,” Bill […]

After months of few energy items on the California Public Utilities Commission business meeting agendas, this week’s one is dense, and action packed. After honoring the death of George Floyd, the five utility regulators approve Pacific Gas & Electric’s plan to install diesel-fueled generators to provide power during safety outages. The CPUC also signs off […]

Pacific Gas & Electric announced it will have a new 11-member board after it emerges from bankruptcy. Of those 11 directors, six will be Californians, PG&E announced June 10. The new board members include Mike Niggli, former head of San Diego Gas & Electric, Arno Harris, Recurrent CEO and founder, the former Federal Emergency Management […]

Updated June 10 Legislation to allow California to seize Pacific Gas & Electric’s electric and gas infrastructure if the company fails to finance its $58 billion reorganization plan by the end of September or starts another large fire passed the Assembly Utilities & Energy Committee on a 12-2 vote. “It is a bill I hope […]

Pacific Gas & Electric announced June 8 that it would sell its San Francisco headquarters near the Embarcadero waterfront. After more than 115 years in the City by the Bay, it plans to relocate to Oakland in the East Bay the year after next. The move is expected to lower company costs. The same day, […]

Pacific Gas & Electric’s plan to reduce wildfire threats and safety outages is half empty or half full, depending on your perspective. While the CPUC President says she is optimistic about the improvements in the 2020 plan, she has doubts about it being successfully implemented. In spite of the concerns, none are raised about its […]

As appalling as Pacific Gas & Electric’s track record of safety deficiencies has been over the years—from sparking massive wildfires to gas pipeline blowouts—turning it into a centralized public utility could be worse. It could create one big albatross hanging on Californians’ collective neck.   The high stakes matter is riddled with financial, legal, and […]

The California Public Utilities Commission approves Pacific Gas & Electric’s huge debt package to get it out of federal bankruptcy court by the end of June as directed by state legislation.   Moving on a parallel track is legislation setting the stage for California to seize PG&E’s gas and electric assets. Putting the utility under […]

State utility regulators May 28 unanimously signed off on a $58 billion bankruptcy reorganization plan for Pacific Gas & Electric, California’s largest utility. Marybel Batjer, California Public Utilities Commission president, said the plan leaves some important power in the hands of regulators, including the ability to force PG&E to prioritize customer safety. She said that, […]