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PG&E bankruptcy

Suit Seeks to Void PG&E $11B Ratepayer Bond

The Utility Reform Network is legally challenging regulators’ approval of Pacific Gas & Electric’s plan to issue $7.5 billion in ratepayer-backed bonds, plus $4 billion in interest and charges over 30 years, intended to cover part of the utility’s wildfire liability.

The California Public Utilities Commission has put “captive ratepayers at risk of paying for […]

September 14, 2021|

Five More Years of Oversight for PG&E, at Shareholder Expense

The California Public Utilities Commission unanimously voted to require Pacific Gas & Electric shareholders, not ratepayers, to pay $25 million over five years for an independent state safety monitor. It won’t be the first time the company has had such a watchdog, but questions about the extent of oversight and who would […]

August 5, 2021|

CPUC Pitches Independent State Monitor for PG&E

The California Public Utilities Commission plans to replace the outgoing federal monitor, who is keeping tabs on Pacific Gas & Electric compliance with safety and reliability laws, regulations, and protocols, with a state monitor next year. In light of the utility’s numerous violations over the last several years, an ongoing safety monitor was required as part of PG&E’s bankruptcy reorganization plan, approved almost a year ago.

June 15, 2021|

PG&E Sells Headquarters for $18M, Exec Compensation Soars

Pacific Gas & Electric announced May 24 it found a buyer for its long-time headquarters in downtown San Francisco. It will sell its buildings on Beale and Market streets near the San Francisco Bay for $800 million to Hines Atlas US LP, a Delaware limited partnership. After 115 years in the City […]

May 25, 2021|
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