Analysis of information sources in references of the Wikipedia article "Pacific Gas and Electric Company" in English language version.
San Francisco's Potrero Hill.
{{cite book}}: |work= ignored (help)CS1 maint: location missing publisher (link)Power giant can now exit largest U.S. utility restructuring
Pacific Gas & Electric Co., San Francisco . ... in by the shareholders of the preferred stock, of which John Martin and Eugene de Sabla are large owners .
Release Number: RIX-RA-20-01
The Biden administration has been hurrying to release more money from the 2022 Inflation Reduction Act before President-elect Donald Trump takes office in January. The loan guarantee is the biggest commitment to date from the Department of Energy's Loan Programs Office. The money would be provided to PG&E in installments over several years. Loan office officials must approve the projects it pays for.
Poppe's $51.2 million total pay package was enriched primarily by $41.2 million in awards of stock, the annual SEC filing shows. The PG&E CEO also was awarded a bonus of $6.6 million and a base salary of $1.3 million.
So why are prices so high? One reason is that California's size and geography inflate the "fixed" costs of operating its electric system, which include maintenance, generation, transmission, and distribution as well as public programs like CARE and wildfire mitigation, according to the study. Those costs don't change based on how much electricity residents consume, yet between 66 and 77 percent of Californians' electricity bills are used to offset the costs of those programs, the study found.
The ALJ's decision cites the violations as a "failure of PG&E's website, which was unavailable or non-functional during the majority of the duration of a PSPS event, inaccuracy of its online outage maps, inaccessibility of its secure data transfer portals to its public safety partners, and PG&E's failure to provide advanced notification of [PSPS] events to approximately 50,000 customers and 1,100 medical baseline customers during the three PSPS events in Fall 2019.
Most of the costs will likely be shouldered by PG&E customers, whose electricity rates are already among the highest in the U.S.
About half of the $13.5 billion in compensation PG&E is paying wildfire victims will be in the form of company stock, leaving roughly 70,000 of them owning a little more than 22 percent of PG&E once it leaves bankruptcy. The company also plans to pay off its bond debt in full and its existing shareholders will continue to own a big chunk of PG&E, an unusual outcome in Chapter 11 bankruptcy cases like this one.
About 18 percent of the country's electric distribution lines are buried, including those for nearly all new residential and commercial developments, according to the Edison Electric Institute, an industry trade group.
Cal Fire investigators determined the Sonoma County wildfire that destroyed 374 homes and structures was traced to PG&E equipment.
The most useful document is the Disclosure Statement to the Plan.
bankruptcy reorganization proceedings
wildfire claims estimation proceedings
The judge's decision frees Ghost Ship plaintiffs to seek payout from what plaintiffs' attorneys say is a $900 million pot of insurance money, but disqualifies them from a cut of the $13.5 billion settlement that will be shared with wildfire victims.
The Ghost Ship plaintiffs' civil case against PG&E contends that the blaze that killed 36 people in an Oakland warehouse on Dec. 2, 2016, was caused by an electrical malfunction. Officials never determined a cause for the inferno, but a lead investigator testified during criminal proceedings that she believed it was sparked by an electrical failure.
The judge's decision frees Ghost Ship plaintiffs to seek payout from what plaintiffs' attorneys say is a $900 million pot of insurance money, but disqualifies them from a cut of the $13.5 billion settlement that will be shared with wildfire victims.
The Ghost Ship plaintiffs' civil case against PG&E contends that the blaze that killed 36 people in an Oakland warehouse on Dec. 2, 2016, was caused by an electrical malfunction. Officials never determined a cause for the inferno, but a lead investigator testified during criminal proceedings that she believed it was sparked by an electrical failure.
Chapter 11 rules give the giant California utility what amounts to a lid on compensation
Federal agency dropped threat to sue victims of California wildfires if utility refused to pay for emergency services
Settlement with bondholders ends threat of a rival chapter 11 plan for the embattled California utility
PG&E promised $11 billion in cash to insurers, and fire victims say the deal is getting in the way of a chapter 11 plan settlement
California utility offers to fund part of settlements with stock. Some, though, don't want to own 'the company that burned their houses down.'
Hedge funds, other investors stand to make billions from complex chapter 11 case while fire victims, paid part of settlement in stock, face uncertainty about cashing out
Chapter 11 rules give the giant California utility what amounts to a lid on compensation
Federal agency dropped threat to sue victims of California wildfires if utility refused to pay for emergency services
Settlement with bondholders ends threat of a rival chapter 11 plan for the embattled California utility
PG&E promised $11 billion in cash to insurers, and fire victims say the deal is getting in the way of a chapter 11 plan settlement
California utility offers to fund part of settlements with stock. Some, though, don't want to own 'the company that burned their houses down.'
Hedge funds, other investors stand to make billions from complex chapter 11 case while fire victims, paid part of settlement in stock, face uncertainty about cashing out
Chapter 11 rules give the giant California utility what amounts to a lid on compensation
Federal agency dropped threat to sue victims of California wildfires if utility refused to pay for emergency services
Settlement with bondholders ends threat of a rival chapter 11 plan for the embattled California utility
PG&E promised $11 billion in cash to insurers, and fire victims say the deal is getting in the way of a chapter 11 plan settlement
California governor criticizes $11 billion pact that locks up votes for company's bankruptcy plan
California utility offers to fund part of settlements with stock. Some, though, don't want to own 'the company that burned their houses down.'
Hedge funds, other investors stand to make billions from complex chapter 11 case while fire victims, paid part of settlement in stock, face uncertainty about cashing out