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Pacific Gas and Electric Company

American utility company

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Pacific Gas and Electric Company: American utility company
The Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU) with publicly traded stock that is headquartered in the Pacific Gas & Electric Building in San Francisco. PG&E provides natural gas and electricity to most of the northern two-thirds of California, from Bakersfield and Barstow to near the Oregon State Line and Nevada and Arizona State Line, which represents 5.2 million households. PG&E is overseen by the California Public Utilities Commission. It is the leading subsidiary of the holding company PG&E Corporation, which has a market capitalization of $3.242 billion as of January 16, 2019. It was founded by George H. Roe after California's Gold Rush and by 1984 was the United States' "largest electric utility business." PG&E is one of four regulated, investor-owned utilities (IOU)s in California; the other three are PacifiCorp's Pacific Power, Southern California Edison and Sempra Energy's San Diego Gas & Electric.

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PG&E close to reshaping leadership with investor backing: WSJ

PG&E Corp is close to naming a new chief executive officer and revamping its board backed by some of its largest investors, the Wall Street Journal said on Saturday, as the power utility restructures..
Reuters - Published

PG&E to name new CEO as early as next week, overhaul board: WSJ

PG&E Corp is likely to name a new chief executive officer as early as next week and to announce an overhaul of its board backed by some of its largest investors, the Wall Street Journal reported on..
Reuters - Published

Videos for Pacific Gas and Electric Company

PG&E Says It Will Likely Be Found Responsible for Camp Fire [Video]PG&E Says It Will Likely Be Found Responsible for Camp Fire

The cause of the Camp Fire is still under investigation, but California's largest public utility says it believes it will be found responsible.

Credit: Newsy Studio     Duration: 00:56Published

PG&E Files For Bankruptcy Protection, Vows To Keep The Lights On [Video]PG&E Files For Bankruptcy Protection, Vows To Keep The Lights On

According to a report by Reuters, on Tuesday, utility owner PG&E Corp filed for bankruptcy protection in anticipation of liabilities from California wildfires, including a catastrophic blaze that..

Credit: Wochit News     Duration: 00:57Published

PG&E files for bankruptcy [Video]PG&E files for bankruptcy

Power provider PG&E filed for voluntary Chapter 11 bankruptcy protection, succumbing to liabilities stemming from wildfires in Northern California. Roselle Chen reports.

Credit: Reuters Studio     Duration: 00:57Published

PG&E Vows To Keep The Lights On [Video]PG&E Vows To Keep The Lights On

(Reuters) - Utility owner PG&E Corp filed for bankruptcy protection on Tuesday in anticipation of liabilities from California wildfires, including a catastrophic 2018 blaze that killed 86 people. PG&E,..

Credit: Wochit News     Duration: 00:48Published

Did Climate Change Force PG&E Into Bankruptcy? [Video]Did Climate Change Force PG&E Into Bankruptcy?

The spectacular collapse of PG&E, which filed for bankruptcy protection on Tuesday, just become the biggest corporate victim of a rapidly changing climate. Reinsurance firm Munich Re called the fire..

Credit: Wochit News     Duration: 01:03Published

PG&E files for bankruptcy after damaging wildfires [Video]PG&E files for bankruptcy after damaging wildfires

Power provider PG&E Corp filed for voluntary Chapter 11 bankruptcy protection on Tuesday, succumbing to liabilities stemming from wildfires in Northern California in 2017 and 2018. Havovi Cooper..

Credit: Reuters Studio     Duration: 01:18Published

PG&E Share Plunge After Bankruptcy Filing Announcement [Video]PG&E Share Plunge After Bankruptcy Filing Announcement

According to Business Insider, PG&E, California's largest utility, said Thursday that despite being cleared of any fault in the 2017 Tubbs Fire, it still faced "significant potential liabilities."..

Credit: Wochit News     Duration: 00:42Published

 

California Today: California Today: A New York Critic on the Los Angeles Art Scene

Friday: Grappling with an expansive, diverse art landscape; distributing Pacific Gas & Electric’s assets; and visiting El Jardín in San Diego
NYTimes.com - Published

Who Deserves PG&E’s Assets? Fire Victims Face a New Ordeal

Employees, suppliers and bondholders all have claims against the utility in bankruptcy court, along with those counting on payouts over blazes started by the company’s equipment.
NYTimes.com - Published

PG&E spared criminal charges in deadly 2017 California wildfires

An investigation into fierce wildfires that swept Northern California's wine country in 2017, killing 46 people, found no basis to criminally charge PG&E, the utility whose power lines helped spark the..
Reuters - Published

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