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Insight

 

Insight creates conversation to build community, exploring issues and events that connect people in our region. Insight covers breaking news and big ideas, music, arts & culture with responsible journalism, civil discussion and diverse voices.

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What’s Next After The PG&E Bankruptcy?

Wednesday, January 30, 2019 | Sacramento, CA
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Noah Berger / AP Photo

A home burns as the Camp Fire rages through Paradise, Calif., on Thursday, Nov. 8, 2018.

Noah Berger / AP Photo

Pacific Gas & Electric moved forward with its plan to declare Chapter 11 bankruptcy Tuesday. Even after the company reported $1.7 billion in profits last year and Cal Fire placed the blame for the 2017 Tubbs Fire on a private party, PG&E faces potentially steep liability costs in connection with the 2018 Camp Fire. The City of San Francisco is exploring options to take its electricity public.

NPR correspondent Eric Westervelt joins Insight to discuss the California’s largest utility and its plans to reorganize its liabilities from recent wildfire damage. He reported for NPR about the bankruptcy filing and also about PG&E's plans to potentially sell its gas division.

CALmatters' Judy Lin also reported about the bankruptcy filing and the cash flow problem PG&E faces due to $30 billion in potential liabilities from a series of catastrophic wildfires 

In a press release put out to announce the bankruptcy filing, PG&E Interim CEO John Simon said that wildfire safety remains a priority for the utility despite the bankruptcy.

State Sen. Bill Dodd responded to PG&E's filing with a press release of his own, saying that he was disappointed but not surprised by the decision to file.

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  • Marcio Jose Sanchez / AP Photo

    California Governor Criticizes PG&E's Plan For New Board

    Thursday, March 28, 2019
    "With this move, PG&E would send a clear message that it is prioritizing quick profits for Wall Street over public safety and reliable and affordable energy service," Newsom said.
  • Ben Margot / AP file

    California Lawmakers Vow To Keep Electricity Affordable As PG&E Declares Bankruptcy

    Tuesday, January 29, 2019
    Gov. Gavin Newsom says he will work with the Legislature to ensure the state’s electric service is safe and reliable as the utility navigates Chapter 11 protection.
  • Marcio Jose Sanchez / AP file, 2017

    Timeline: PG&E’s Road Towards Bankruptcy

    Tuesday, January 29, 2019
    PG&E, California’s largest utility company, announced Tuesday that it filed for bankruptcy protection. How did the utility get here?
  • Mike Eliason / AP

    PG&E Files For Bankruptcy In Wake Of Fire Lawsuits

    Tuesday, January 29, 2019
    The utility is facing billions of dollars in legal liability for fires caused by its equipment. PG&E filed for Chapter 11 bankruptcy, which would let it restructure its debts.

 wildfirepg&eCamp Fire

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