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PG&E looks to Wall St to fund bankruptcy exit [Video]

PG&E looks to Wall St to fund bankruptcy exit

California-based utility giant PG&E announced plans Monday to raise $5.75 billion from public stock offerings as it tries to emerge from Chapter 11 bankruptcy by the end of this month. Conway G...

Credit: Reuters Studio     Duration: 01:19Published

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Saguaro football to play on ESPN for the first time in four years, battling Sierra Canyon

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PG&E plans $5.75 billion equity raise to fund bankruptcy exit

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.
Reuters - Published Also reported by •Reuters India

Judge rips PG&E's safety record before key bankruptcy vote

BERKELEY, Calif. (AP) — California power regulators are mulling whether to approve Pacific Gas & Electric's $58 billion plan for getting out of a bankruptcy caused by in a series of deadly..
SeattlePI.com - Published Also reported by •Seattle Times

Improper email delays key vote on PG&E's bankruptcy plan

BERKELEY, Calif. (AP) — California power regulators unexpectedly delayed a key vote on Pacific Gas & Electric's plan for getting out of bankruptcy Thursday after one of the utility's most outspoken..
SeattlePI.com - Published Also reported by •Seattle Times

Paraglider rescued from California power lines

A paraglider is safe after getting tangled in live wires north of Sacramento, California. Jonathan Vigliotti explains how he was rescued.
CBS News - Published

Regulators mull reversing $462M increase in PG&E fire fines

BERKELEY, Calif. (AP) — California power regulators are weighing a recommendation to back off plans to fine Pacific Gas and Electric an additional $462 million for igniting a series of Northern..
SeattlePI.com - Published Also reported by •Seattle Times

Regulators boost PG&E's wildfire fine to $2.1 billion

SAN FRANCISCO (AP) — California power regulators slapped Pacific Gas and Electric with a $2.1 billion fine for igniting a series a deadly wildfires that landed the beleaguered utility in..
SeattlePI.com - Published Also reported by •Seattle Times

PG&E plans to raise up to $25.68 billion by selling securities

California power producer PG&E Corp said on Tuesday it plans to raise up to $25.68 billion by selling securities, as it works its way out of the bankruptcy process.
Reuters - Published

Utility wildfire prevention plans call for more blackouts

LOS ANGELES (AP) — The largest electric utility in Southern California plans to continue shutting off power to customers during dry and windy conditions to prevent sparking deadly wildfires,..
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PG&E proposes board revamp in revised bankruptcy plan

Bankrupt California power producer PG&E Corp said on Saturday it had submitted an updated bankruptcy reorganization plan including a new board of directors and new roles aimed at addressing concerns..
Reuters - Published

Investors Support California Act to Protect Forests Introduced Today

investors support california act to protect forests introduced today
NEW YORK--(BUSINESS WIRE)-- #ResponsibleInvesting--Domini Impact Investments LLC led an investor coalition representing over $440 billion in assets under management to express strong support for the..
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PG&E strikes deal with creditors over restructuring

Bankrupt California power producer PG&E Corp said on Wednesday it had reached a deal on its restructuring with creditors, who were pushing for a rival plan.
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Amid California power outages, tiny tribe offers a beacon of energy

When the threat of wildfires led to power outages, rural Humboldt County's Blue Lake was lit up and shared electricity with neighbors. Are microgrids the solution to California's power woes?
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California power producer PG&E files amended reorganization plan

California power producer PG&E Corp said late on Thursday that it has filed for an amended reorganization plan, adding that it remains on track to getting the plan confirmed before a June 2020 deadline..
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PG&E: California power firm to pay $13.5bn to wildfire victims

Utility giant PG&E reaches a settlement over several fires tied to the firm's equipment.
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PG&E says reached $13.5 billion agreement with wildfire victims

Bankrupt California power producer PG&E Corp said on Friday it had reached a $13.5 billion agreement to resolve individual claims relating to the 2017 and 2018 wildfires and the 2015 butte fire.
Reuters - Published Also reported by •Reuters India

PG&E failed to inspect transmission lines that caused deadly 2018 wildfire: state probe

Bankrupt California power producer PG&E Corp did not properly inspect and replace transmission lines before a faulty wire sparked a wildfire that killed more than 80 people in 2018, a probe by a state..
Reuters - Published

PG&E cuts power to 50,000 California homes and businesses during wildfire risk

About 50,000 homes and businesses across Northern California were without power on Wednesday during the latest planned outage instituted by utility Pacific Gas & Electric Co to guard against risk of..
Reuters - Published

PG&E Offers $13.5B To Wildfire Victims As Part Of Restructuring Plan

pg&e offers $13.5b to wildfire victims as part of restructuring plan
Watch VideoCalifornia power provider PG&E is reportedly extending billions of dollars in compensation to wildfire victims. It's part of a restructuring plan to help get the company out of..
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PG&E to offer $13.5 billion in compensation to wildfire victims: Bloomberg

Bankrupt California power producer PG&E Corp is offering $13.5 billion in compensation to wildfire victims as part of a restructuring plan, Bloomberg reported on Monday, citing people with knowledge of..
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