Pacific Gas and Electric Company (PG&E)

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

Streaks of lights from vehicles drive along highway 24 during the PG&E power outage in Oakland, Calif., on Thursday, Oct. 10
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.

PG&E and the rise of "resilience culture"

A PG&E contractor works on utility poles
A PG&E contractor works on utility poles. Photo: Philip Pacheco/AFP via Getty Images

PG&E will start cutting power Wednesday to about 150,000 customers in 18 California counties in the latest wave of preemptive blackouts to curb wildfire risks.

Why you'll hear about this again: The embattled utility will probably need to keep doing this for a long time. But the blackouts are just one force speeding the rise of what Shayle Kann of the VC firm Energy Impact Partners calls "resilience culture."