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
- Merry & Mindful: PG&E's Energy-Efficient Solutions for a Season of SavingsPR Newswire
- Divert, Inc. and PG&E Announce First-of-its-Kind Interconnection in California to Address the Wasted Food Crisis [Yahoo! Finance]Yahoo! Finance
- Divert, Inc. and PG&E Announce First-of-its-Kind Interconnection in California to Address the Wasted Food CrisisBusiness Wire
- On Utility Scam Awareness Day, PG&E Helps Customers Recognize and Avoid Utility ScamsPR Newswire
- Ahead of First Atmospheric River of the Season, PG&E Readies Resources, Crews to Support Customers and Hometowns [Yahoo! Finance]Yahoo! Finance
PCG
Earnings
- 11/7/24 - Beat
PCG
Sec Filings
- 11/14/24 - Form 424B2
- 11/14/24 - Form 4
- 11/13/24 - Form FWP
- PCG's page on the SEC website