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PG&E Corporation

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3:19-bk-30088

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California Northern

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  1. February 03, 2021

    Alsup Slams PG&E Legacy Of 'Terror,' Mulls Probation Tweaks

    U.S. District Judge William Alsup slammed Pacific Gas & Electric Corp. for the "terror" it's unleashed on Californians, saying during a hearing Wednesday he's considering expanding the convicted utility's probation to require it to factor in trees that could spark wildfires when deciding which power lines to de-energize during windstorms.

  2. January 07, 2021

    PG&E Fire Victims Trustee Fights 'Catastrophic' Ch. 11 Appeal

    The trustee for PG&E wildfire victims urged a California federal judge Thursday to toss an appeal by Adventist Health, Comcast and others challenging the utility's bankruptcy plan, arguing that they failed to preserve their rights to challenge the plan and that finding otherwise would have a "catastrophic" effect on 80,000 victims.

  3. November 18, 2020

    PG&E Judge Asks, 'What's Wrong With Negotiation?'

    A California bankruptcy judge mulled Wednesday whether he should allow PG&E to resolve 7,000 securities claims through individual settlement offers in an alternative dispute resolution proceeding instead of certifying a class, asking investors, "What's wrong with negotiation and a compromise?" and "Why shouldn't I just let 7,000 people make a choice?"

  4. July 08, 2020

    Top Bankruptcy Cases Of 2020: Midyear Report

    So far in 2020, the number of corporate bankruptcy filings has spiked significantly compared to the same period last year, as unprecedented economic headwinds have generated a liquidity crisis for many struggling companies in a trend that may continue for the rest of the year and into 2021, according to bankruptcy professionals.

  5. June 19, 2020

    PG&E Bankruptcy Judge Confirms $59B Reorganization

    A U.S. bankruptcy judge on Saturday approved Pacific Gas and Electric Co.'s $59 billion reorganization plan, resolving a turbulent bankruptcy that began when the nation's largest utility sparked a series of wildfires that killed more than 100 people, leveled entire California communities and led it to plead guilty to involuntary manslaughter.

  6. June 18, 2020

    PG&E Fined $3.5M For Causing 84 Deaths, Starting Camp Fire

    Following more devastating testimony from victims' families and a call for Pacific Gas and Electric Co. to "burn in hell," a California judge on Thursday ordered PG&E to pay $3.49 million — the maximum criminal fine — for recklessly starting the 2018 Camp Fire that killed 84 people.

  7. June 17, 2020

    PG&E Execs Deserve Prison, Camp Fire Victims' Families Say

    In deeply emotional testimony at Pacific Gas and Electric Co.'s sentencing hearing Wednesday, families of 84 people who died in the 2018 Camp Fire detailed the psychological and financial toll of PG&E's negligence, with some demanding that executives face prison time for their relatives' horrific deaths.

  8. June 16, 2020

    PG&E Cops To 84 Manslaughter Counts Over 2018 Camp Fire

    Pacific Gas and Electric Co.'s chief executive on behalf of the bankrupt utility entered guilty pleas to 84 counts of involuntary manslaughter on Tuesday, as a Butte County judge read aloud the names of each person who died when PG&E's equipment sparked the 2018 Camp Fire, California's deadliest wildfire.

  9. June 08, 2020

    PG&E Rips Objections To $59B Bankruptcy At Trial's Close

    Pacific Gas and Electric Co. slammed objections to its $59 billion Chapter 11 reorganization plan during closing arguments at a bench trial Monday, rebuffing allegations that its wildfire mitigation is inadequate and that wildfire survivors were forced into a part-equity settlement, and urging a U.S. bankruptcy judge to confirm the plan.

  10. June 05, 2020

    PG&E's Share Terms For Fire Survivors Unfair, Judge Told

    Wildfire survivors on Friday urged a California federal judge overseeing Pacific Gas and Electric Co.'s $59 billion chapter 11 reorganization plan to ensure that they don't have to wait years to liquidate the PG&E stock in their wildfire liability settlement, saying PG&E can't give other shareholders better terms.

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