UPDATE 2-Bankrupt PG&E reaches $13.5 bln settlement with California wildfire victims [Yahoo! Finance News]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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finance.yahoo.com/quote/pg
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Source: Yahoo! Finance News
Recasts and adds CEO comment) By Bhargav Acharya Dec 6 ) - California's bankrupt power producer PG&E Corp said on Friday it had reached a $13.5 billion settlement with victims of some of most devastating wildfires in the state's modern history. The agreement helps smooth the way for the beleaguered company to emerge from bankruptcy. It filed for Chapter 11 protection in January, citing potential liabilities in excess of $30 billion from wildfires in 2017 and 2018 linked to its equipment. "With this important milestone now accomplished, we are focused on emerging from Chapter 11 as the utility of the future that our customers and communities expect and deserve," Chief Executive Officer Bill Johnson said in a statement. State fire investigators in May determined that PG&E transmission lines caused the deadliest and most destructive wildfire on record in California, the wind-driven Camp Fire that killed 85 people in and around the town of Paradise last year. They likewise concluded that
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PCG
News
- Itron, PG&E Announce Program to Support EV Charging with Grid Edge Intelligence [Yahoo! Finance]Yahoo! Finance
- Itron and PG&E Collaborate to Enable Real-Time Control of Electric Vehicle Charging with Grid Edge IntelligencePR Newswire
- PG&E Launches First Commercial Deployment of On-Site Generative AI Solution for the Nuclear Energy Sector at Diablo CanyonPR Newswire
- PG&E Launches First Commercial Deployment of On-Site Generative AI Solution for the Nuclear Energy Sector at Diablo CanyonPR Newswire
- Westbank and PG&E Propose Net Zero Community in Downtown San JosePR Newswire
PCG
Earnings
- 11/7/24 - Beat
PCG
Sec Filings
- 11/13/24 - Form FWP
- 11/13/24 - Form 424B5
- 11/12/24 - Form SC
- PCG's page on the SEC website