California Governor Rejects $13.5 Billion PG&E Settlement With Wildfire Victims

California Gov. Gavin Newsom on Friday rejected Pacific Gas and Electric's $13.5 billion settlement ... access to a $20 billion state-sponsored insurance fund for future wildfires. Pacific Gas & ... Read More

California Politics

But averages mask variations, California’s largest intervenor said. Southern California Edison customers pay an average of 30.2 cents; SDG&E customers, 32.6; and PG&E customers, 46.6, according to ... Read More

State regulator approves nearly 13% increase in PG&E rates

PG&E rates will go up by nearly 13% starting January 2024 following a unanimous Thursday vote by the California Public Utilities Commission. Customers on average will pay ... a $13.5 billion ... Read More

California Utility Expects to Pay $2.5 Billion for Wildfires

Pacific Gas & Electric said Thursday it expects to pay at least $2.5 billion ... PG&E and Southern California Edison are both facing multiple lawsuits over faulty equipment claims from homeowners and ... Read More

California loaned PG&E $1.4B to keep Diablo Canyon open. Can the utility pay it back?

But California’s finance department said the federal grant, which is not public, amounted to only $1.1 billion ... state dollars were provided, PG&E needs to pay back taxpayers in full.” ... Read More

PG&E Receives Reprieve on $1 Billion Payment Bill

In response to these wildfires, which were exacerbated by factors including equipment failures and inadequate vegetation management, PG&E was compelled to seek a $7.5 billion bailout to cover ... Read More

PG&E gets break on paying $1 billion bill

Regulators have agreed to let PG&E ... to pay the full amount. The utility company was supposed make a full payment into a fund designed to repay customers for helping finance a $7.5 billion ... Read More

California power companies, agencies apply for $2 bln federal grant for grid upgrades

California's power companies PG&E , Edison International along with state energy agencies said on Thursday they have applied for $2 billion federal grant to increase grid capacity and deliver ... Read More

California loaned PG&E $1.4B to keep Diablo Canyon open. Can the utility pay it back?

PG&E was expected to repay the state loan with a federal grant from the Department of Energy. But California’s finance department said the federal grant, which is not public, amounted to only $1.1 ... Read More