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Wildfires

Magazines 

PG&E Stock Rises After Agency Says No Role in 2017 Fire

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Credit to Author: Darrell Proctor| Date: Thu, 24 Jan 2019 22:10:53 +0000

Shares of beleaguered California utility Pacific Gas & Electric (PG&E) soared on Jan. 24 after a state agency said the company bore no responsibility for a 2017 wildfire in the state. A statement from the California Department of Forestry and Fire Protection (Cal Fire) on Thursday said, “After an extensive and thorough investigation, Cal Fire […]

The post PG&E Stock Rises After Agency Says No Role in 2017 Fire appeared first on POWER Magazine.

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Magazines 

PG&E: Judge’s Proposal Could Cost Utility $150 Billion

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Credit to Author: Darrell Proctor| Date: Thu, 24 Jan 2019 00:34:36 +0000

Pacific Gas & Electric (PG&E) on Jan. 23 said a federal judge’s proposal that the utility mitigate fire danger in its service territory by trimming trees, along with inspecting and repairing thousands of miles of power lines, could cost the company as much as $150 billion this year. William Alsup, a judge in the U.S. […]

The post PG&E: Judge’s Proposal Could Cost Utility $150 Billion appeared first on POWER Magazine.

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Magazines 

PG&E Says it Will File Chapter 11 Bankruptcy

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Credit to Author: Darrell Proctor| Date: Mon, 14 Jan 2019 14:06:08 +0000

California utility PG&E Corp. on Jan. 14 gave its workers the state-required 15-day advance notice of its intent to file a Chapter 11 bankruptcy. The company on Monday said its electric and natural gas service to customers should not be impacted during its reorganization, which comes as PG&E faces billions of dollars in liabilities related […]

The post PG&E Says it Will File Chapter 11 Bankruptcy appeared first on POWER Magazine.

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Magazines 

Reports: PG&E Prepared to File Bankruptcy in Wake of Wildfires

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Credit to Author: Darrell Proctor| Date: Mon, 14 Jan 2019 03:37:19 +0000

Reports on Jan. 13 said giant California utility PG&E Corp. could notify its workers as soon as Jan. 14 that it’s preparing to file for bankruptcy. Bloomberg on Sunday said the San Francisco-based utility, which faces billions of dollars in liabilities as investigations into its role in a series of deadly wildfires continues, will notify […]

The post Reports: PG&E Prepared to File Bankruptcy in Wake of Wildfires appeared first on POWER Magazine.

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Inquirer News 

Death toll at 49 in Greek wildfires

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Death toll at 49 in Greek wildfires

RAFINA, Greece — Twin wildfires raging through popular seaside areas near the Greek capital have torched homes, cars and forests and killed at least 49 people, authorities said Tuesday, raising the death toll after rescue crews reported finding the bodies of more than 20 people huddled together near a beach.

The post Death toll at 49 in Greek wildfires appeared first on Inquirer News.

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Inquirer News 

Utility to pay $2.5B for California wildfires ignited by fallen power lines

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A Northern California utility said Thursday it expects to pay at least $2.5 billion in connection with deadly wildfires that whipped through wine country last October — some of them ignited by its fallen power lines.

The post Utility to pay $2.5B for California wildfires ignited by fallen power lines appeared first on Inquirer News.

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