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PG&E Corporation (PCG) and its primary operating subsidiary, Pacific Gas and Electric Company (the “Utility”), today announced that the U.S. Bankruptcy Court for the Northern District of California (the “Court”) overseeing the company’s Chapter 11 cases approved the Bar Date of October 21, 2019, at 5:00 p.m. Pacific Time. The Bar Date is the deadline by which any person or entity must file a Proof of Claim if they believe money is owed to them by PG&E with respect to the period prior to the Chapter 11 filing date of January 29, 2019. The Bar Date and the procedures for filing Proofs of Claim apply to all claims against PG&E that arose before January 29, 2019.
Pacific Gas and Electric Company (PG&E) is sending postcards to more than 240,000 customers encouraging them to update their mobile number, email and other key information so the company can contact them in advance should it become necessary to temporarily turn off power for safety this fire season. These customers, who live throughout PG&E’s service area, have incomplete or no contact information on file. It is important that all customer information is up to date so PG&E can share important wildfire safety alerts.
Pacific Gas and Electric Company (PG&E) announced today it has expanded its partnership with the California Fire Foundation (CFF) by providing $1 million for a Wildfire Safety and Preparedness grant. The grant is a continuation of a previous 2018 climate change disaster grant provided by PG&E.
Pacific Gas and Electric Company and its parent, PG&E Corporation, stated at their joint annual shareholders meeting today that their top priorities remain instituting improvements to further reduce wildfire risk and achieve companywide operational excellence, and working expeditiously through the Chapter 11 process so that the company can compensate wildfire victims as quickly as possible. “PG&E’s primary focus is taking action to create an operations environment where safety and integrity always come first,” said PG&E Corporation’s independent Chair of the Board, Nora Mead Brownell. Bill Johnson, PG&E Corporation’s Chief Executive Officer and President, said, “We have acknowledged our role in the tragic Camp Fire and are doing everything we can to prevent another catastrophe like that from ever happening again.
Pacific Gas and Electric Company (PG&E) today provided an update on its accelerated and enhanced safety inspections and repairs conducted in high-fire threat areas over the past six months. This update is consistent with the commitment of PG&E’s new CEO and Board of Directors to keep their customers informed about the work being done to mitigate wildfire risks and safely deliver energy to their customers and communities.
Pacific Gas and Electric Company (PG&E) has reached agreements to resolve the wildfire claims held by 18 local public entities (cities, counties, districts and public agencies) impacted by the 2015 Butte Fire, 2017 Northern California wildfires and 2018 Camp Fire. Under the agreements, $1 billion in payments will be made as part of a Chapter 11 Plan of Reorganization to be filed in PG&E’s pending Chapter 11 case (POR).
Pacific Gas and Electric Company (PG&E) urges customers to conserve electricity in response to a statewide Flex Alert called for today, Tuesday, June 11, from 4 p.m. to 10 p.m., by the California Independent System Operator (ISO), which manages the state’s power grid. A Flex Alert is an urgent call to immediately conserve electricity and shift power demand to off-peak hours to ease strain on the grid. The ISO issued the alert in response to high temperatures and high energy demand.
Today, those displaced by the 2017 Northern California wildfires and 2018 Camp Fire are one step closer to receiving aid for alternative living expenses and other urgent needs through a bankruptcy court-approved, independently-administered Wildfire Assistance Program. The court approved the appointment of Cathy Yanni as administrator of the $105 million fund that PG&E advocated to establish and received court approval for last month. PG&E is seeking to make the funds available to the administrator for distribution to wildfire victims as soon as possible.
Pacific Gas and Electric Company has restored power for nearly all customers located in areas of Butte and Yuba Counties impacted by the Public Safety Power Shutoff in the Sierra Foothills.
Pacific Gas and Electric Company (PG&E) crews are conducting safety patrols and inspections in the Sierra Foothills, where the company proactively turned off power for safety to approximately 20,500 customers in Butte and Yuba counties. Approximately 260 personnel must inspect approximately 800 miles of transmission and distribution lines as part of the restoration process, the equivalent distance from San Francisco to Seattle, WA. Inspections will take place during daylight hours and PG&E expects to be able to restore power to these customers within 24 to 48 hours.
Pacific Gas and Electric Company (PG&E) is proactively shutting off the power for safety in Butte and Yuba counties this evening. Due to more favorable weather changes in other parts of the region, PG&E will continue to evaluate weather conditions for a Public Safety Power Shutoff in Nevada, El Dorado and Placer counties. PG&E meteorologists will continue to monitor the weather overnight and PG&E will de-energize customers in some parts of these counties if necessary.
Pacific Gas and Electric Company (PG&E) today announced that the company will turn off power to approximately 26,900 customers in the Sierra Foothills Saturday night and has started safety inspections for 1,600 customers in the North Bay whose power was turned off early Saturday morning.
Fire risk high for approximately 1,600 Customers in North Bay Saturday morning; and potentially 30,000 Customers in Sierra Foothills Saturday night into Sunday morning
Fire Risk High in North Bay Saturday Morning, in Valley and Sierra Foothills Saturday Night
As part of its Community Wildfire Safety Program (CWSP), Pacific Gas and Electric Company (PG&E) announced that it is expanding its network of weather stations and high-definition cameras to improve the company’s ability to predict and respond to extreme wildfire danger. “The enhanced meteorological data we are receiving from these weather stations is bolstering our ability to forecast high fire-risk weather conditions with further granularity so that we can take swift action to protect public safety,” said PG&E CWSP Vice President Sumeet Singh.
Pacific Gas and Electric Company (PG&E) wants to remind customers that there are ways to save money as temperatures heat up. In preparation for summer, PG&E encourages customers to take advantage of tips, along with programs and tools that enable them to save energy and manage their bills. Set the air conditioner to 78 degrees or higher when you’re home and 85 degrees when your away, health permitting, to save on home cooling costs while still making your home comfortable.
Pacific Gas and Electric Company (PG&E) announced today that it will put all electric distribution power lines underground in the Town of Paradise and some of the surrounding areas as the town rebuilds from the Camp Fire. The announcement was made by Aaron Johnson, vice president of electric operations at PG&E, at a special meeting of the town council. “As part of our commitment to help this community recover and to harden our electric system to protect against wildfires, PG&E has decided to build our electric distribution system underground in the Town of Paradise and in some of the surrounding areas like parts of Magalia,” Johnson told the council.
Pacific Gas and Electric Company (PG&E) announced today that it received approval from the bankruptcy court to create a $105 million housing assistance fund to support those displaced by the 2017 Northern California wildfires and 2018 Camp Fire. The Wildfire Assistance Fund is intended to aid those displaced by the 2017 Northern California wildfires and the 2018 Camp Fire, specifically those who are either uninsured or need assistance with alternative living expenses or other urgent needs. “PG&E remains committed to helping wildfire victims rebuild and recover, and this program is part of how we’re living up to that commitment,” said PG&E Corporation Chief Executive Officer and President Bill Johnson.
SAN DIEGO, May 20, 2019 -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for investors that acquired certain PG&E senior notes in or traceable to.
Pacific Gas and Electric Company today issued the following statement in response to the release of information by the California Department of Forestry and Fire Protect
First paragraph, first sentence of release should read: Pacific Gas and Electric Company (PG&E) meteorologists are forecasting that spring storms will impact its service area today and Thursday (instead of Pacific Gas and Electric Company (PG&E) meteorologists are forecasting a spring storms will impact its service area today and Thursday).
California’s graduation season has begun and Pacific Gas and Electric Company (PG&E) is warning customers about the public safety risks associated with helium-filled metallic balloons. In the first four months of 2019, metallic balloons striking electric lines have caused nearly 120 power outages in PG&E's service area alone, disrupting service to more than 65,000 customers.
Today California’s three largest energy companies announced a coordinated wildfire safety and awareness campaign to prepare Californians for the threat of extreme weather and power outages during times of increased wildfire danger. The statewide Power of Being Prepared campaign is being led jointly by San Diego Gas & Electric (SDG&E), Southern California Edison (SCE) and Pacific Gas and Electric Company (PG&E), at the direction of the California Public Utilities Commission (CPUC).
SAN FRANCISCO-- -- GAAP earnings were $0.25 per share for the first quarter of 2019, compared to $0.86 per share for the same period in 2018. Non-GAAP earnings from operations were $1.04 per share for the first quarter of 2019, compared to $0.91 per share for the same period in 2018. PG&E Corporation’s first-quarter 2019 net income available for common shareholders was $136 million, or $0.25 per share, ...
SAN FRANCISCO , April 24, 2019 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) will report first-quarter 2019 earnings on May 2, 2019 , before the market opens. PG&E Corporation will not be hosting an associated ...