PG&E to offer $13.5 bln in compensation to wildfire victims - Bloomberg [Reuters]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Reuters
PG&E to offer $13.5 billion in compensation to wildfire victims: Bloomberg - Reuters 2 Min Read (Reuters) - Bankrupt California power producer PG&E Corp is offering $13.5 billion in compensation to wildfire victims as part of a restructuring plan, Bloomberg reported on Monday, citing people with knowledge of the situation. The same amount has been offered to the victims by a rival group of noteholders led by Pacific Investment Management Co and Elliott Management Corp, according to the report here PG&E sought Chapter 11 bankruptcy protection in January after massive wildfires struck Northern California in 2017 and 2018, which were blamed on its equipment. A lawyer for the committee of wildfire victims said last month their claims may be worth $13.5 billion, Reuters reported. PG&E had previously proposed to provide $8.4 billion in compensation, but the victims sided with the noteholders in the hopes of getting more money. PG&E and the victims were in talks on Monday, Bloomberg reporte
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PCG
News
- US Loans to Rivian, Plug Under Threat From Federal Shutdown [Yahoo! Finance Canada]Yahoo! Finance Canada
- California regulators approve two more requests by PG&E to increase rates California regulators approved two more rate hike requests by Pacific Gas and Electric Thursday night, making it six approvals this year. 2M ago [CBS News]CBS News
- CPUC approves $723 million in ratepayer costs to extend life of Diablo Canyon nuclear plant [Los Angeles Times (CA)]Los Angeles Times
- PG&E Co. (NYSE: PCG) had its price target lowered by analysts at UBS Group AG from $26.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
- US watchdog recommends Energy Department halt loans to green projects [Yahoo! Finance]Yahoo! Finance
PCG
Earnings
- 11/7/24 - Beat
PCG
Sec Filings
- 12/12/24 - Form 144
- 12/6/24 - Form CERT
- 12/5/24 - Form 8-A12B
- PCG's page on the SEC website