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PG & E's share is recovering even after it suspended its dividend.

Photo by Justin Sullivan / Getty Images Text size PG & E (PCG) shares rose 3.9% on Wednesday after a federal judge in California granted the company lighter probabilities than investors previously feared, and when the company was reportedly approaching an agreement with a new chief executive. The background story. This probationary period is only part of the complicated knot …

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PG & E: Corporate equipment "likely" cause for California fire

FILE – This December 3, 2018 file photo, a vehicle stands in front of a house leveled by Camp Fire in Paradise, California. Pacific Gas & Electric says its equipment could have sparked Camp Fire 2018, which killed 86 people and destroyed a whole city in Northern California. The embattled utility company said on Thursday, February 28, 2019, that it …

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Newsom asks PG & E bankruptcy judge to include customers, employees

SACRAMENTO – Seeking to recast the priorities of PG & E's bankruptcy case, California Gov. In a letter to the federal trustee overseeing the bankruptcy, an attorney for the Newsom administration has urged that "these constituencies have a strong voice from the very "These individual victims should not be left to fend for themselves in a creditor class outnumbered by …

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Why a short-selling hedge fund says the PG & E stock is close to zero

A firefighter from Butte County is looking at scorched plots in Paradise, California, USA on November 14, 2018. Photo by Josh Edelson / AFP / Getty Images Text size MIAMI – Shares of the bankrupt California utility PG & E (PCG) has risen, but this investor says he's based on false hopes. George Schultze, founder of troubled investor Schultze Asset …

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PG & E applies for bankruptcy following forest fires in California

California's largest power company announced in a statement on Tuesday that it had filed Chapter 11 bankruptcy in the northern district of California. PG & E said it was committed to maintaining customer service during the bankruptcy process. John Simon, the company's interim CEO, said he will work to "create a more sustainable foundation for delivering a secure, reliable and …

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California regulators make preparations for PG & E bankruptcy

SAN FRANCISCO (AP) – California regulators were poised for a bankruptcy declaration by the nation's largest utility. Pacific Gas and Electric Corp. Chapter 11. The four members. Did you know that it would not work? The decision cleared a major obstacle to the company's planned bankruptcy filing- a move that would likely set off a yearslong court battle that could …

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PG & E set to name restructuring chief as it prepares bankruptcy filing: report

Battery California Utility PG & E Corp.                                                                                                                                                                                                                               PCG, + 2.04% is set to name James Mesterharm as chief preparer of the bankruptcy protection document as soon as Tuesday, Reuters reported Monday night. PG & E is facing at least $ 30 billion in liabilities from devastating …

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The Latest: Regulators Approve the PG & E Financing Measure

SAN FRANCISCO (AP) – The Most Recent Criticism of a Hurried Announcement Meeting Between California Regulatory Authorities and PG & E (All Local Times): 15:45 California regulators have approved a measure Pacific Gas & Electric Corp Permits The California Public Utilities Commission approved the request in a harsh last-minute session over the songs of the protesters, the "Shame!" Commissioners call …

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PG & E is facing bankruptcy and a group of investors is trying to stop (PCG)

Justin Sullivan / Getty Images [PGIECalifornia'slargestenergyutilitysaidonJan14thatitintendstofileforbankruptcyoveritspotentialliabilitiestoCalifornia'sdeadlyWildfireCaliforniaweretied Last week, a new finding from the California Department of Forestry and Fire Safety concluded that the California utility was not responsible for the 2017 Tubbs Fire, the second most destructive fire in the state's history. Spurs on the New One group of hedge funds, including Paul Singer's Elliott Management, has sent PG & …

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