News > U.S.

PG&E Will File for Bankruptcy in California Due to Costly Wildfires

5 monthes ago   |   By

PG&E Corp. said it will file for bankruptcy in California after the cost of wildfires left it with potential liabilities of $30 billion or more, gutting its share price and prompting the departure of its chief executive officer.
The San Francisco-based company said it intends to reorganize under Chapter 11 of the U.S. bankruptcy code on or about Jan. 29 after giving the required 15-day notice to employees, according to a filing at the Securities and Exchange Commission Monday. On Sunday, the company started searching for a new leader after Geisha Williams, 57, resigned as chief executive...
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PG&E bond prices fall; spreads widen on bankruptcy plans

5 monthes ago   |   By

Bonds of PG&E Corp , owner of the biggest U.S. power utility by number of customers, plunged on Monday after the company said it is preparing to file for Chapter 11 bankruptcy as it faces liabilities linked to wildfires in California.
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PG&E stock crashes nearly 50% as utility says it will file for bankruptcy because of wildfires liability

5 monthes ago   |   By

PG&E craters after it said it will file for bankruptcy protection amid financial anguish stemming from its role in California's devastating wildfires.
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Bankruptcy Looms for PG&E After California Wildfires and CEO Departure

5 monthes ago   |   By

PG&E said it will file for bankruptcy in California after the cost of wildfires left it with potential liabilities of $30 billion or more , gutting its share price and prompting the departure of its chief executive officer.
The San Francisco-based company said it currently intends to reorganize under Chapter 11 of the U.S. bankruptcy code on or about Jan. 29 after giving the required 15-day notice to its employees, according to a filing at the Securities and Exchange Commission on Monday. On Sunday, the company started searching for a new leader after Geisha Williams , 57, quit as CEO...
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PG&E prepares bankruptcy filing after California wildfires

5 monthes ago   |   By

PG&E Corp , owner of the biggest U.S. power utility by number of customers, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 2018.
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PG&E stock crashes 50% as utility says it will file for bankruptcy because of wildfires liability

5 monthes ago   |   By

PG&E cratered Monday after it said it will file for bankruptcy protection amid financial anguish stemming from its role in recent wildfires.
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Bankruptcy Looms for PG&E After California Wildfires and CEO Departure

5 monthes ago   |   By

PG&E said it will file for bankruptcy in California after the cost of wildfires left it with potential liabilities of $30 billion or more , gutting its share price and prompting the departure of its chief executive officer.
The San Francisco-based company said it currently intends to reorganize under Chapter 11 of the U.S. bankruptcy code on or about Jan. 29 after giving the required 15-day notice to its employees, according to a filing at the Securities and Exchange Commission on Monday. On Sunday, the company started searching for a new leader after Geisha Williams , 57, quit as CEO...
Read more ...

 

PG&E to file for Chapter 11 bankruptcy; CEO resigns

5 monthes ago   |   By

PG&E announced Monday that it is preparing to file Chapter 11 Bankruptcy as it deals with lawsuits following devastating wildfires in California the last two years.
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Top U.S. utility PG&E says it is preparing bankruptcy filing

5 monthes ago   |   By

PG&E Corp, the biggest U.S. power utility, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 2018.
Read more ...

 

PG&E to file for bankruptcy filing as fire costs rise

5 monthes ago   |   By

PG&E Corp. said Monday it will file for bankruptcy in California after the cost of wildfires left it with potential liabilities of $30 billion or more, gutting its share price and prompting the departure of its chief executive officer. The San Francisco-based company said it will file under Chapter...
Read more ...

 

PG&E says it is preparing Chapter 11 bankruptcy filing

5 monthes ago   |   By

PG&E Corp said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 2018.
Read more ...

 

PG&E to file for Chapter 11 bankruptcy, CEO resigns

5 monthes ago   |   By

PG&E announced that it is preparing to file Chapter 11 bankruptcy as it deals with lawsuits following devastating wildfires in 2017 and 2018. The announcement comes one day after the utility's CEO resigned.
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Utility Company PG&E Plans Bankruptcy Filing Over California Wildfires

5 monthes ago   |   By

The utility's equipment had been found to be responsible for many of the wildfires that killed scores in Northern California in 2017 and 2018.
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PG&E prepares to file for Chapter 11 bankruptcy

5 monthes ago   |   By

PG&E Corp said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses, as the company faces pressure from potentially crushing liabilities linked to catastrophic wildfires.
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Plane landing at Newark airport blows tires, skids on runway

Plane landing at Newark airport blows tires, skids on runway

Authorities say a plane blew tires while landing at Newark airport, sending it skidding across the runway before coming to a halt. Read more ...

Target Customers Take To Social Media During Apparent Nationwide Cash...

Target Customers Take To Social Media During Apparent Nationwide Cash Register Outage

MINNEAPOLIS - Target says they are “working as quickly as possible” to fix a systems issue after an apparent nation-wide register outage Saturday. Customers began taking to... Read more ...

Woman celebrating her birthday during solo trip to Dominican Republic dies...

Woman celebrating her birthday during solo trip to Dominican Republic dies, family says

She is among four American tourists to have died in the country within the last month. Read more ...

Restaurant receives rare blue lobster in shipment, plans to donate it to...

Restaurant receives rare blue lobster in shipment, plans to donate it to aquarium

"I said, 'I think we have something special here.' I couldn't believe the color. Everyone was circling around it, just wondering, 'How did this happen?'" Read more ...

O.J. Simpson is now on Twitter and says he's 'got a little getting even to do'

O.J. Simpson is now on Twitter and says he's 'got a little getting even to do'

Fresh off nearly a decade in prison, O.J. Simpson launched a new Twitter account Friday night with a selfie video in which he says he's "got a little getting even to do." Read more ...

Long lines reported at Target amid widespread register outages

Long lines reported at Target amid widespread register outages

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Notre Dame Cathedral to hold first Mass since fire

Notre Dame Cathedral to hold first Mass since fire

It's been two months since a massive fire ravaged the iconic cathedral. Read more ...

'I am not a monster, I simply am Amanda,' says Knox on tearful return to Italy

'I am not a monster, I simply am Amanda,' says Knox on tearful return to Italy

Amanda Knox returned to Italy for the first time since she was twice convicted - and finally exonerated - of the 2007 murder of her roommate. Read more ...

Home Alone: 11-year-old fights off home invaders with machete

Home Alone: 11-year-old fights off home invaders with machete

Authorities say an 11-year-old armed with a machete thwarted a three-person home invasion in North Carolina. Read more ...

Parents say police pulled guns on them after 4-year-old daughter took a doll...

Parents say police pulled guns on them after 4-year-old daughter took a doll from a store in Phoenix

The Phoenix Police Department is being accused of misconduct. Read more ...