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PG&E Says Over 156,000 Customers Restored Power Since Monday Morning
PG&E Says Will Turn Off Power To About 361,000 Customers In Targeted Parts For Safety
PG&E Says May Need To Proactively Turn Off Power For Safety To Customers Across Northern And Central California
PG&E Corporation is a holding company. The Company's primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial, and agricultural customers. The Utility provides bundled services (electricity, transmission and distribution services) to various customers in its service territory. As of December 31, 2016, the Utility owned approximately 18,400 circuit miles of interconnected transmission lines operating at voltages ranging from 60 kilovolt to 500 kilovolt. As of December 31, 2016, the Utility also operated 92 electric transmission substations with a capacity of approximately 64,600 megavolt ampere (MVA).
77 Beale St,
PO Box 770000
SAN FRANCISCO, CA
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PG&E Corp was ordered by a U.S. district judge to explain its role in the ignition of the Zogg Fire in California last month, according to a court order filed on Monday.
California's fire department has taken possession of PG&E Corp's equipment as part of an ongoing investigation into the company's role in last month's Zogg Fire that killed four people, the power provider said on Friday.
Shares of Portland General Electric plummeted as much as 16% after media reported that the utility has received unconfirmed information that some fires in Oregon region may have been started by its electrical equipment.
The California Independent System Operator (ISO) declared a "Stage 2" power emergency late on Saturday, warning that rotating power outages were possible amid a record heat wave.
California's ambitious clean energy polices are not to blame for rolling blackouts during a scorching heat wave this month, but more work needs to be done to integrate large amounts of wind and solar energy, the state's energy agencies said on Wednesday.
California's grid operator on Tuesday said energy conservation by individuals and businesses had averted rolling blackouts in the state a day earlier and that those efforts would be crucial again as a brutal heat wave pushes demand higher.
San Francisco-based power provider PG&E Corp said on Friday it had conducted rotating power outages at the direction of California's grid operator, impacting about 200,000 to 250,000 customers at a time, given the strain on the power grid during the statewide heatwave.
The Kincade wildfire in California's wine country last October that forced some 2,000 people to flee homes was caused by PG&E Corp's electrical transmission lines, the state's Department of Forestry and Fire Protection (Cal Fire) said on Thursday.
Utility PG&E Corp <PCG.N> said on Wednesday it had emerged from bankruptcy, marking an end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California.
Utility PG&E Corp said on Wednesday it had emerged from bankruptcy, marking an end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California.
PG&E Corp <PCG.N> has raised about $5.5 billion from a share offering and sale of equity units as the biggest U.S. power provider by customers looks to emerge from Chapter 11 bankruptcy next week.
PG&E Corp said its Chapter 11 reorganization plan has been confirmed by the United States Bankruptcy Court for the Northern District of California, bringing the power provider one step closer to emerging from bankruptcy and participate in a state-backed wildfire fund.
Pacific Gas & Electric pleaded guilty on Tuesday to 84 counts of involuntary manslaughter stemming from a devastating 2018 wildfire in Northern California touched off by the utility company's power lines.
* PG&E STATEMENT ON COMPANY’S GUILTY PLEA RELATED TO 2018 CAMP FIRE
PG&E pleaded guilty on Tuesday to 84 counts of involuntary manslaughter stemming from a devastating Northern California wildfire touched off by the utility company's downed power lines, the New York Times reported. (Reporting by Dan Whitcomb; Editing by Sandra Maler)
* PG&E CORP FILES FOR 5-PART, FIRST MORTGAGE BONDS OFFERING; SIZE NOT DISCLOSED - SEC FILING Source: (https://bit.ly/2N2Xp7e) Further company coverage:
California-based power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11 bankruptcy by the end of this month.
Power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings to partially fund its emergence from Chapter 11 bankruptcy.
California utility PG&E Corp <PCG.N> is preparing an $11 billion debt-financing package as it prepares to exit from its bankruptcy, an investor involved with the company's funding plan said on Friday, sending its shares up more than 12%.
San Francisco-based utility PG&E Corp is preparing debt financing to exit bankruptcy, CNBC said on Friday citing a report.
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