California utility shares are so cheap, the state could afford to buy them up. Column by hiltzikm
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California's Biggest Utility Company Faces A Reckoning After Massive Wildfires Across The StateThe future is uncertain for PG&E, as well as the people who say it needs to pay for its role in unprecedented death and destruction.
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California utility PG&E's stock falls over 20 percent Monday as company faces wildfire claimsThe utility is facing lawsuits connected to California's deadliest-ever wildfire, the Camp Fire, which killed 86 people in November.
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California utility PG&E reportedly explores a bankruptcy filingCalifornia utility company PG&E is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said.
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California judge says utility's uninsulated conductors sparked firesA federal court in San Francisco tentatively found that equipment owned by PG&E was 'the single most recurring cause' in deadly wildfires that have plagued the state since 2017.
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California utility PG&E, facing wildfire claims, explores possible bankruptcy, sources sayThe company has said it could face 'significant liability' if its equipment was found to have caused last year's wildfires.
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CEO of California utility PG&E steps down as company faces potential wildfire liabilitiesCalifornia power company PG&E CEO Geisha Williams has stepped down, the company said on Sunday, as it faces billions of dollars in potential liabilities related to deadly wildfires.
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Devastating Wildfires Force California's Largest Utility To Plan Sale Of Gas AssetsSenior officials at Pacific Gas & Electric are working on a plan to sell off the company's natural gas division to avert bankruptcy and raise funds to cover huge projected liability costs.
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Exclusive: California utility PG&E explores bankruptcy filing - sourcesEXCLUSIVE: California utility PG&E explores bankruptcy filing as it faces billions of dollars in liabilities related to wildfires in 2017 and 2018 - sources
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