News > U.S.

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

6 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

6 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

6 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

6 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

6 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

6 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

6 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

6 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

6 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

6 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

6 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

6 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

6 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

6 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.
Read more ...

 


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Puerto Rico gov will not seek reelection, leaves his party amid calls for...

Puerto Rico gov will not seek reelection, leaves his party amid calls for resignation

The announcement comes as hundreds of thousands of Puerto Ricans swarmed outside La Fortaleza in Old San Juan last week, demanding the governor resign. Read more ...

Administration pauses enforcement of abortion restriction, still frustrating...

Administration pauses enforcement of abortion restriction, still frustrating clinics

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Tainted alcohol kills 19 in Costa Rica, ministry says, urging caution

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A total of 14 men and five women ranging from 32 to 72 years old have died. Read more ...

9-year-old girl killed after bounce house swept away by wind hits power line

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A 9-year-old Reno girl has died from injuries she suffered when strong winds blew an inflatable bounce house with three children inside into power lines last weekend. Read more ...

4 inmates at a juvenile justice facility in Florida staged a fight and...

4 inmates at a juvenile justice facility in Florida staged a fight and escaped, officials say

The inmates then fought off staff in a control room and pushed a button to release the front door, a post on the sheriff's office Facebook page says. Read more ...

Munoz hitting, Gallegos relief lead Cards to win over Reds 3-1

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Road tripping couple found dead on Canadian highway possibly after van broke...

Road tripping couple found dead on Canadian highway possibly after van broke down, officials say

A young American woman and her Australian boyfriend had set out to explore British Columbia when they were found dead on a remote Canadian highway. Read more ...

81-Year-Old Woman Meets 3 Siblings She Never Knew Existed

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Trump's Attack On 'The Squad' Finds Nuanced Support Among Some Jewish Americans

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Apollo 11 Moon Memorabilia Sells for Millions in 50th Anniversary Auctions

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The 50th anniversary of the first moon landing inspired more than just memories to come forward, but also millions of dollars for memorabilia from the Apollo 11 mission. Read more ...