A timeline of major events in PG&E's corporate history from 2001, when it first filed for Chapter 11 bankruptcy protection, through Tuesday, when the company began the reorganization process again.
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California Power Provider PG&E Files For Bankruptcy In Wake Of Fire LawsuitsThe utility is facing billions of dollars in legal liability for fires caused by its equipment. PG&E filed for Chapter 11 bankruptcy, which would let it restructure its debts.
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California Wildfire Insurance Claims Total $11.4 Billion For November 2018This week the state's largest utility, PG&E Co., is expected to file for bankruptcy protection due to its potential liabilities.
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PG&E Is Just The First Of Many Climate Change BankruptciesPG&E was the victim of multiple random acts of climate violence. It could have been better prepared but could not have, alone, saved its customers, investors, creditors, etc., from these consequences of climate change. If we hold companies liable, expect many more climate change bankruptcies.
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PG&E Says Federal Judge's Safety Plan Is Not Feasible And Too ExpensiveThe utility company is trying to convince a federal judge to modify a wide-ranging proposal to mitigate wildfire risk. PG&E is also seeking bankruptcy protection.
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PG&E Is Just The First Of Many Climate Change BankruptciesPG&E was the victim of multiple random acts of climate violence. It could have been better prepared but could not have, alone, saved its customers, investors, creditors, etc., from these consequences of climate change. If we hold companies liable, expect many more climate change bankruptcies.
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PG&E takes pre-emptive bankruptcy to a new levelThe California utility has filed, despite having a $20 bln surplus of assets over liabilities, offers of finance, and one less big wildfire to worry about. The company hasn’t yet made a persuasive case for choosing a process that will surely be lengthy, expensive and distracting.
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PG&E soars 17% despite bankruptcy filing, uncertainty about Camp FireShares of PG&E rallied Tuesday despite a disagreement between the company and some of its shareholders over its Chapter 11 filing.
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PG&E soars after filing for bankruptcy protectionShares of PG&E jumped Tuesday after the company filed for bankruptcy protection.
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PG&E stops honoring settlements with fire victims as bankruptcy nearsPG&E is skipping payments it agreed to make to people whose property was destroyed in the Butte fire, a 2015 blaze in the Sierra Nevada foothills that was blamed on the company.
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