• PG&E bond prices fall; spreads widen on bankruptcy plans

    5 days ago - By Reuters

    Bonds of PG&E Corp , owner of the biggest U.S. power utility by number of customers, plunged on Monday after the company said it is preparing to file for Chapter 11 bankruptcy as it faces liabilities linked to wildfires in California.
    Read more ...

     

  • PG&E to file for bankruptcy following devastating California wildfires

    5 days ago - By Washington Post

    The energy company could be held liable for more than $30 billion.
    Read more ...

     

  • Bankruptcy Looms for PG&E After California Wildfires and CEO Departure

    5 days ago - By Fortune

    PG&E said it will file for bankruptcy in California after the cost of wildfires left it with potential liabilities of $30 billion or more , gutting its share price and prompting the departure of its chief executive officer.
    The San Francisco-based company said it currently intends to reorganize under Chapter 11 of the U.S. bankruptcy code on or about Jan. 29 after giving the required 15-day notice to its employees, according to a filing at the Securities and Exchange Commission on Monday. On Sunday, the company started searching for a new leader after Geisha Williams , 57, quit as CEO...
    Read more ...

     

  • PG&E prepares bankruptcy filing after California wildfires

    5 days ago - By Reuters

    PG&E Corp , owner of the biggest U.S. power utility by number of customers, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 2018.
    Read more ...

     

  • PG&E says it might go bankrupt as California fire fallout sends its shares tumbling more than 40% in premarket trading

    5 days ago - By Chron

    REUTERS/Sandy Huffaker
    PG&E, California's largest gas and power company, dropped more than 40% in premarket trading Monday.
    The utility is facing billions of dollars in potential liabilities after it was accused of negligence in one of the state's most destructive wildfires last year.
    CEO Geisha Williams replaced as PG&E com templates bankruptcy following a 27% drop in its share price last week.
    Company confirms it will seek Chapter 11 bankruptcy on or around January 29 in a statement.
    Devastating wildfires engulfed much of northern California last year, now they're engulfing the state's...
    Read more ...

     

  • Bankruptcy Looms for PG&E After California Wildfires and CEO Exits

    5 days ago - By Fortune

    PG&E said it will file for bankruptcy in California after the cost of wildfires left it with potential liabilities of $30 billion or more , gutting its share price and prompting the departure of its chief executive officer.
    The San Francisco-based company said it currently intends to reorganize under Chapter 11 of the U.S. bankruptcy code on or about Jan. 29 after giving the required 15-day notice to its employees, according to a filing at the Securities and Exchange Commission on Monday. On Sunday, the company started searching for a new leader after Geisha Williams , 57, quit as CEO...
    Read more ...

     

  • PG&E, facing colossal liability, seeks bankruptcy protection

    5 days ago - By Chron

    SAN FRANCISCO - Facing potentially colossal liabilities over deadly California wildfires, PG&E will file for bankruptcy protection.
    The announcement Monday follows the resignation of the power company's chief executive a day earlier.
    PG&E said Monday that it's given the required 15-day advance notice that it plans to file for Ch. 11 bankruptcy protection.
    The company has already been blamed by state fire investigators for wildfires that broke out in October 2017.
    The company says will be able to gain access to capital and resources it needs to continue providing service to customers as it...
    Read more ...

     

  • Top U.S. utility PG&E says it is preparing bankruptcy filing

    5 days ago - By Reuters

    PG&E Corp , the biggest U.S. power utility, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 2018.
    Read more ...

     

  • Utility Company PG&E Plans Bankruptcy Filing Over California Wildfires

    5 days ago - By NY Times

    The utility's equipment had been found to be responsible for many of the wildfires that killed scores in Northern California in 2017 and 2018.
    Read more ...

     

  • PG&E says it is preparing Chapter 11 bankruptcy filing

    5 days ago - By Reuters

    PG&E Corp said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 2018.
    Read more ...

     

  • PG&E tumbles more than 50% in premarket trading after California fire fallout leads CEO to quit

    PG&E tumbles more than 50% in premarket trading after California fire fallout leads CEO to quit

    5 days ago - By Business Insider

    PG&E, California's largest gas and power company, dropped more than 50% in premarket trading Monday.
    The utility is facing billions of dollars in potential liabilities after it was accused of negligence in one of the state's most destructive wildfires last year.
    CEO Geisha Williams replaced as PG&E com templates bankruptcy following a 27% drop in its share price last week.
    Devastating wildfires engulfed much of northern California last year, now they're engulfing the state's largest utility.
    PG&E, short for Pacific Gas and Electric, plunged 51% in New York premarket trading after the...
    Read more ...

     

  • PG&E prepares to file for Chapter 11 bankruptcy

    5 days ago - By Reuters

    PG&E Corp said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses, as the company faces pressure from potentially crushing liabilities linked to catastrophic wildfires.
    Read more ...