Home Tags PG&E

Tag: PG&E

California wildfire victims could become PG&E’s biggest shareholders after a settlement — and assume the financial risk of future fir...

Victims holding PG&E shares after the settlement face risks from a falling stock price or regulatory fines should PG&E equipment cause another fire.
Boeing CEO Dennis Muilenburg in front of Congress.

Boeing’s CEO is out. Here are the 37 most dramatic exits in a record-breaking year for CEO departures.

The first nine months of 2019 surpassed the number of CEO departures seen in the same time span during the 2008 recession.

PG&E stock plummets 23% after California’s governor gives the firm just days to reorganize bankruptcy plans

The power company faces a Tuesday deadline to submit a new restructuring strategy. California's governor called for a new board and a takeover option.
A burned out automobile is shown next to a ruptured gas line amid rubble after a fire caused by a gas pipeline explosion in a neighborhood in San Bruno, California September 10, 2010.

Over 1,500 California fires in the past 6 years — including the deadliest ever — were caused by one company: PG&E. Here’s what ...

Regular blackouts are PG&E's new strategy to avoid starting fires. A writer called it "the most detested, and detestable, corporation in California."

Photos show the raging destruction of California’s wildfires

The Kincade Fire has burned 66,000 acres in Sonoma County, California. It's the biggest of many blazes burning across the state.
Video shows the moment California's Kincade Fire broke out Wednesday night.

Video shows the moment California’s Kincade Fire sparked and spread to a massive blaze in moments

The Kincade Fire has grown to 23,700 acres and is only 5% contained. About 2,000 people are currently under evacuation orders.
Wildfires rage near Batagay, in Russia's Sakha Republic district, on June 11, 2019.

PG&E has announced power outages for 2 million Californians, after acknowledging that a broken wire may have sparked the Sonoma blaze

Earlier in October, California utility company PG&E preemptively shut down power lines to limit wildfire risk. More blackouts are happening this week.

Some Wall Street analysts think PG&E could plummet to zero after a week of blackouts and a potentially disastrous bankruptcy ruling

A judge in California recently stripped the utility giant of exclusive control over its bankruptcy process.

Thousands of tarantulas are emerging from the ground in the San Francisco Bay Area, looking for mates

Each year, tarantulas emerge in the Rockies and California to look for mates. A spate of warm weather in the Bay Area has extended that mating season.
PG&E stock

The electricity provider that caused the California wildfires has reached an $11 billion settlement

PG&E released a major restructuring plan earlier this week that included almost $18 billion to settle claims regarding the California wildfires.