Sunday, 17 February, 2019

California Wildfire Claims Leads to PG&E Bankruptcy Filing

California utility equipment sparked more than 2,000 fires in over three years Wildfire-scorched PG&E, California's biggest utility, files for bankruptcy
Laurie Berry | 02 February, 2019, 17:30

PG&E works on power lines to fix damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018.

"I just know in my heart of hearts that we need to have a change in management, which we've had some, and we need to have a change in the boardroom", Dodd said. Company advisers expect that it may take up to two years to emerge from bankruptcy.

The company cited hundreds of lawsuits from victims of that blaze and others in 2017 and 2018 when it announced this month that it planned to file for bankruptcy.

Filing for bankruptcy would shield PG&E from claims, giving it time to figure out next steps.

California lawmakers and Gov. Gavin Newsom say they'll work to ensure the state's electric service is safe, reliable and affordable while PG&E navigates through bankruptcy. But the California Public Utilities Commission told the judge on Monday that his proposed order "will in all likelihood conflict with and frustrate the extensive federal statutory and state Constitutional and statutory regulatory scheme under which the CPUC regulates PG&E", and that any pre-emptive de-energizing of the grid must be done "selectively" and "under carefully considered, specified conditions".

The blazes include the nation's deadliest wildfire in a century - the one in November that killed at least 86 people and destroyed 15,000 homes in and around the Northern California town of Paradise.

A US judge says he will give the public a chance to weigh in on Pacific Gas & Electric Corp.'s bankruptcy.

The law allows PG&E to hike rates on its customers to pay off liabilities for 2017 wildfires.

Surprise! A bunch of kids who weren’t vaccinated now have the measles
She said the legislation would "bring a hammer down and threaten people instead of allowing them to make informed decisions". Despite doctors managed to persuade more than half of those refusing parents, the number of people with measles is growing.

This week, investigators with the California Department of Forestry and Fire Protection cleared PG&E of responsibility for starting the Tubbs Fire, slashing the estimated $15 billion in damages from that fire from its list of liabilities.

John R. Simon said in a statement Tuesday that the country's largest utility is dedicated to rebuilding California communities devastated by wildfires.

He said he had not yet had a chance to catch up with all the paperwork PG&E had filed.

Power cutoffs impact first responders, critical medical care and phone service and are potentially fatal, the utility said in its court filing. The costs are high, but the risks of catastrophic damage appear to be growing.

Democratic state Sen. Bill Dodd, who represents much of the Northern California area devastated by wildfires in 2017, said PG&E needs new leadership that prioritizes "a culture of safety". It outmaneuvered Berkshire Hathaway Inc.by acquiring a small parcel of unsecured debt in Oncor Electric Delivery Co., opening a window for Sempra Energy to swoop in and strike a deal to acquire the Texas utility. PG&E is considered a linchpin in helping achieve California's ambitious climate goal of getting all its electricity from carbon-free sources by 2045. PG&E, for example, made agreements in 2017 to buy electricity from solar farms.

Some consumer advocates and lawyers for fire victims have warned that the bankruptcy filing could lead to higher rates for consumers and make it harder for people affected by the fires to receive compensation, the New York Times reports.

PG&E's stock is down 70 percent from about a year ago amid fears about the effects of the wildfires.

Recommended

  • Chelsea will not tweak style despite poor run, says Sarri

    Chelsea will not tweak style despite poor run, says Sarri

    There were echoes in Sarri's comment of something Jose Mourinho said a few days after he was sacked by Chelsea in December 2015. Bournemouth have been dealt an injury blow with in-form winger David Brooks out for five weeks with an ankle injury.
    Warren Apologizes To The Cherokee Nation About DNA Test

    Warren Apologizes To The Cherokee Nation About DNA Test

    Hoskin published an opinion piece on Thursday, entitled "Elizabeth Warren can be a friend, but she isn't a Cherokee citizen". " Senator Warren has reached out to us and has apologized to the tribe", Hubbard said in a statement.
    Canada to reduce staff at Cuba embassy after another diplomat falls ill

    Canada to reduce staff at Cuba embassy after another diplomat falls ill

    Canada will continue to have an ambassador in Havana and officials said full consular services will be available to Canadians. In a statement, the Canadian government acknowledged the case, and announced that diplomatic staff in Cuba would be halved.
  • Qataris silence Asian Cup host UAE, set up final against Japan

    Qataris silence Asian Cup host UAE, set up final against Japan

    Emirati defender Ismail Ahmed was also sent off before the match ended for elbowing Qatar's Salem el-Hajri in the face. Qatar has been able to overcome the storm of the blockade imposed by the UAE, Saudi Arabia, Bahrain, and Egypt.
    One dead, several injured in attack on Corsica

    One dead, several injured in attack on Corsica

    But he is said to be well-known for causing problems in the neighborhood as has been previously been convicted by the courts. According to first reports, the attacker is a 70-year-old local hunter whose motives remain unclear.
    Tesla Celebrates Back-to-Back Profit for the First Time

    Tesla Celebrates Back-to-Back Profit for the First Time

    Musk said that Ahuja's retirement will not be immediate, and that he will continue to serve as a senior adviser to the company. That long-promised $35,000 version is not yet on sale, though it's scheduled to arrive this year sometime.
  • Northwest US measles cases prompt look at vaccine exemptions

    Northwest US measles cases prompt look at vaccine exemptions

    She said the legislation would "bring a hammer down and threaten people instead of allowing them to make informed decisions". Serious complications include brain swelling that can cause blindness or deafness and pneumonia.
    6ix9ine Pleads Guilty to 9 Federal Counts

    6ix9ine Pleads Guilty to 9 Federal Counts

    Lazzaro added: "An entertainer who portrays a "gangster image" to promote his music does not make him a member of an enterprise". TMZ reported that Tekashi 6ix9ine took the plea deal on January 23, but the details never came out until Friday.
    Xbox One Borked Until Further Notice Due to Issues With Xbox Live

    Xbox One Borked Until Further Notice Due to Issues With Xbox Live

    Microsoft's official Xbox Support Twitter account has also acknowledged reports, with the team "continuing to address" the issue. We will keep everyone informed once we have more information to share. "Stay tuned, and thanks for your patience".
  • Luka Doncic and Trae Young head rosters for NBA Rising Stars

    Luka Doncic and Trae Young head rosters for NBA Rising Stars

    A ballot consisted of four frontcourt players , four guards and two additional players at either position group for each team . The league announced Mitchell as one of the participants for Team USA during Thursday's revealing of the rosters on TNT.
    Redmi Note 7 Pro to Launch In India In February

    Redmi Note 7 Pro to Launch In India In February

    There are also speculations that the company might be launched the 16 GB internal storage variant of the phone. There is no confirmed date when the Xiaomi Redmi goes on sale but the phone will go on sale in February.
    Google+ to Shut Down for Consumers on April 2, 2019

    Google+ to Shut Down for Consumers on April 2, 2019

    Google notes that photos and videos will be deleted in the process, and that the entire process may take months until completion. In the coming weeks , you will not be able to sign into websites with Google + and may be replaced with a Google sign in button.

Davis Cup: Bopanna leads support for Bhupathi amid removal reports Davis Cup: Bopanna leads support for Bhupathi amid removal reports The fact is he's played at a very high level for a long time and all of us are better off taking his advice. Berrettini, who is traditionally a singles player, hasn't got his court positioning right just yet.

Groundhog Day 2019: Punxsutawney Phil predicts early spring Groundhog Day 2019: Punxsutawney Phil predicts early spring When German settlers arrived in the United States, they brought the tradition with them, swapping hedgehogs for groundhogs. The magical elixir also changes his appearance, which explains why Phil may be grey one year and a youthful brown the next.

Now Apple clears Google, Facebook to run private iOS apps again Now Apple clears Google, Facebook to run private iOS apps again Smaller developers have to play by Apple's strict rules, so it's encouraging to see the same ones applied to tech giants, he said. Facebook and Google, meanwhile, have built their entire businesses on monetizing their users' activity through advertising.

US to stop complying with nuclear pact with Russia after talks flop US to stop complying with nuclear pact with Russia after talks flop Russian Federation rejects that allegation, and earlier offered USA investigators access to examine the missiles for themselves. Washington remains open to further talks with Moscow about the treaty regardless, she added.

Solskjaer provides Pogba and Martial injury update before Leicester clash Solskjaer provides Pogba and Martial injury update before Leicester clash He's had some ups and downs at the club - he's been top scorer, he's been developing. On current form, Manchester United are the best team in the Premier League.

Over 20 dead in US polar vortex, frostbite amputations feared Over 20 dead in US polar vortex, frostbite amputations feared Local television station WGN said booms heard by residents were likely frozen, water-saturated ground cracking under their feet. Health officials, urging people to go outside only if necessary, warned that exposing skin to the air could lead to frostbite.

E-cigarettes More Effective At Getting You To Quit Smoking E-cigarettes More Effective At Getting You To Quit Smoking In addition, e-cigarette users experienced less severe urges to smoke, one and four weeks after quitting. But Jordt noted that newer devices like the Juul pod have only recently arrived in the UK.

Former Cowboys QB and Assistant Coach Wade Wilson Passes Away Former Cowboys QB and Assistant Coach Wade Wilson Passes Away He also spent time with the Atlanta Falcons (1992), New Orleans Saints (1993-94), Cowboys (1995-97) and Oakland Raiders (1998-99). Wilson completed his National Football League career with a 75.6 quarterback rating on 1,391-of-2,428 passing for 17,283 yards.

Pence arrives in Miami to talk about Venezuela Pence arrives in Miami to talk about Venezuela The Trump administration has backed opposition leader Juan Guaido as he has declared himself the interim president of Venezuela. The Foreign Secretary and Mr Guaido also discussed the humanitarian crisis in Venezuela.

Judge in Roger Stone case warns she might impose a gag order Judge in Roger Stone case warns she might impose a gag order The government said it also plans to turn over the contents of devices seized last week from Stone's home, apartment and office. He said there is no evidence or accusation that he knew in advance about the source or content of the WikiLeaks material.

Hitman leads PS Plus February 2019 lineup Hitman leads PS Plus February 2019 lineup Right now, PlayStation is offering 10% off a monthly Spotify Premium subscription when bought through the PSN Store on your PS4. This will be paired with simplistic fighter Divekick , which will also be available for PS Vita as well as PS3.

Captain Marvel Test Screening Reactions Are In Captain Marvel Test Screening Reactions Are In Avengers: Endgame is on the horizon and fans can't wait to see how earths mightiest heroes will defeat the mad titan, Thanos. And at some point, we'll find out how powerful she is and all the things that she's capable of.

Scientists expect cure for cancer in 1 year Scientists expect cure for cancer in 1 year Morad also said because the peptide parts of MuTaTo are tiny and flexible, they can penetrate areas other drugs fail to reach. The researchers are predicting that a patient could potentially complete their treatment after only a few weeks.

City have 'a lot of time' to catch Liverpool - Pep City have 'a lot of time' to catch Liverpool - Pep Pep Guardiola failed to beat Jose Mourinho in the race for who has the best Premier League record after 100 matches in the English topflight.

‘Empire’ star victim of ‘possible racially charged assault’ in Streeterville ‘Empire’ star victim of ‘possible racially charged assault’ in Streeterville Bob expressed her how pained and heartbroken she was upon hearing about the attack, and sent her love and prayers to Smollett. Eight days prior to the incident, a ransom-style letter addressed to him was reportedly sent to Fox Studios in Chicago .