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California regulators have drafted a proposal that, if approved, would initiate an enhanced oversight and enforcement process against Pacific Gas & Electric (PG&E) due to problems with the utility s wildfire prevention work last year.
The process, which was adopted as a condition of PG&E s bankruptcy exit, is based on six steps triggered by certain events and could potentially lead to the commission reviewing and possibly revoking PG&E s operational certification down the road, although regulators have noted that it hopefully will never reach that point.
PG&E Corp CEO Patricia Patti Poppe addressed the possibility of this oversight process during the company s earnings call Thursday morning, before the proposal was released. [F]rankly, we welcome it I don t see that as a bad thing, she said, adding that PG&E has confidence in its wildfire mitigation plan.
Wildfire Victims Sue Former PG&E Executives Alleging Neglect By Michael Liedtke | February 26, 2021
SAN RAMON, Calif. (AP) A trust representing more than 80,000 victims of deadly wildfires ignited by Pacific Gas and Electric’s rickety electrical grid is suing nearly two dozen of the utility’s former executives and board members, alleging they neglected their duty to ensure the equipment wouldn’t kill people.
The complaint filed Wednesday in San Francisco Superior Court is an offshoot of a $13.5 billion settlement that PG&E reached with the wildfire victims while the utility was mired in bankruptcy from January 2019 through June last year.
Wildfire victims sue former PG&E executives alleging ne accesswdun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accesswdun.com Daily Mail and Mail on Sunday newspapers.
A trust responsible for paying victims of Northern California wildfires in 2017 and 2018 sued nearly two dozen former PG&E executives, who could be liable for hundreds of millions of dollars.
In this Monday, Dec. 3, 2018, photo, homes are seen leveled by the Camp Fire in Paradise, Calif. (AP Photo/Noah Berger,File)
SAN FRANCISCO (CN) Seeking to boost a multibillion-dollar trust for paying Northern California wildfire victims, a retired judge overseeing the fund sued 22 former Pacific Gas and Electric Co. board members and executives Wednesday.
“It is our duty to hold accountable the prior officers and directors who grossly neglected to do their jobs in the lead-up to the North Bay Fires and the Camp Fire,” retired Justice John K. Trotter said in a statement Wednesday.