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PG&E bankruptcy

PG&E Tells CPUC to Reject Challenges to $7.5B Bond Approval

Pacific Gas & Electric is defending the California Public Utilities Commission’s finding that it may proceed with its $7.5 billion mortgage-like ratepayer-backed bond issuance against objections from ratepayer advocates and others. Regulators unanimously approved April 23 Administrative Law Judge Robert Haga’s proposed decision finding the utility met the legal requirements for […]

May 4, 2021|

Shaky Claims About PG&E Bond Rating Impact Raise Challenges

Pacific Gas & Electric argued repeatedly that it should be allowed to use bonds payable by customers to cover billions of dollars of its wildfire liability because it will help boost its credit rating. That in turn will lower borrowing costs, which then benefits those same customers. The California Public Utilities Commission […]

April 29, 2021|

Sonoma County DA Charges PG&E with Five Felonies

The Sonoma County District Attorney filed criminal charges against Pacific Gas & Electric April 6, alleging it ignited the Oct. 23, 2019, Kincaid Fire. It harmed six fire fighters, destroyed 374 buildings, and torched nearly 78,000 acres of land over a period of two weeks. The utility also was charged with causing […]

April 6, 2021|

Commission Proposal Okays PG&E $7.5B Ratepayer Bonds

The California Public Utilities Commission is on the verge of green lighting Pacific Gas & Electric’s plan to issue an unprecedented $7.5 billion in ratepayer-backed bonds to cover part of its 2017 wildfire liability.

Rejecting multiple intervenors’ warnings about possible ratepayer harm, the Commission proposal specifically would allow PG&E […]

March 31, 2021|
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