PG&E

News

PG&E could face financial trouble if utility is found responsible for California’s worst wildfire

Published: 
Fri, 11/16/2018 - 4:38pm

In a grim sign for the Northern California utility giant, Pacific Gas & Electric Co. said Wednesday that if it is deemed responsible for the fire that destroyed much of Paradise, the liability would exceed its insurance coverage.

News

PG&E wants ratepayers to pay California wildfire costs

Published: 
Thu, 10/26/2017 (All day)

Fearing billions of dollars in future liability, PG&E has been aggressively urging state regulators to make it easier for the company to charge ratepayers — rather than its shareholders — when its power lines and other electrical equipment cause wildfires.

Top PG&E executives met as recently as last week to lobby officials at the state Public Utilities Commission in San Francisco over the issue, which could arise powerfully in coming months if the utility is found to be responsible for the Wine Country fires, a serious possibility that state regulators are now investigating.