Nov 1, 2019

California governor threatens state takeover of PG&E

California Gov. Gavin Newsome, L.A. City Councilman Mike Bonin, and L.A. Mayor Eric Garcetti on Oct. 29 in Brentwood, Calif. Photo: Wally Skalij-Pool via Getty Images

California Gov. Gavin Newsom said on Friday that his administration is preparing a plan to take over PG&E should it fail to resolve its ongoing bankruptcy proceedings.

Why it matters: The embattled utility company is currently in bankruptcy court over its liability for fires that took place in 2017. At the same time, the company is dealing with the ongoing fire season in California and the added disruption to residents that widespread power shutoffs in October have caused.

Go deeper: Gov. Gavin Newsom Outlines Roadmap for Wildfires, Communities and Utility

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California's growing local push to overhaul PG&E

Photo: Justin Sullivan/Getty Images

Nearly two dozen California mayors and county leaders — including San Jose and Sacramento — are pressing state regulators to help them transform the embattled, bankrupt power giant PG&E into a customer-owned cooperative.

Why it matters: Their new letter to the California Public Utilities Commission shows how PG&E's power shutdowns amid wildfire risk and overall performance are prompting calls for a seismic re-think of its structure.

Go deeperArrowNov 6, 2019

PG&E bankruptcy judge sides with fire victims in liability challenge

Streaks of lights from vehicles drive along highway 24 during an Oct. 10 PG&E power shutoff in Oakland, Calif. Photo: Ray Chavez/MediaNews Group/The Mercury News via Getty Images

PG&E lost a challenge Wednesday to a California law holding it liable for billions of dollars in wildfire damage connected to its equipment, Bloomberg first reported.

Why it matters: The ruling in the U.S. Bankruptcy Court in San Francisco by Judge Dennis Montali is a victory for victims of the state's 2017 and 2018 wildfires, who are hoping to be awarded damages for their affected properties in the utility’s bankruptcy.

Go deeperArrowNov 28, 2019

Trump threatens to cut federal aid for California wildfires

California Gov. Gavin Newsom and President Trump view damage from wildfires in Paradise, California, November 2018. Photo: Saul Loeb/AFP via Getty Images

President Trump lashed out at California Gov. Gavin Newsom (D) Sunday in a series of tweets in which he threatened to cut U.S. funding to California for the wildfires that have engulfed the state this fall.

Go deeperArrowNov 4, 2019