Industry Insights

2019 Legislative Session Concludes

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While the Legislature successfully passed and the Governor signed legislation aimed at guarding against financial harm from wildfires (AB 1054, Holden), some work on this matter may remain in the coming year.

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PG&E and Insurance Companies Announce $11 Billion Deal to Settle Wildfire Claims

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Four days after filing their bankruptcy reorganization plan, PG&E said Friday (9/13) that the company had reached an agreement to settle wildfire claims against the utility for $11 billion, far below the $20 billion the insurers had originally sought in bankruptcy court.

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$18 Billion Bankruptcy Reorganization Plan Filed

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As the Legislature was deciding to put AB 235 on ice, PG&E filed an $18 billion formal reorganization plan in U.S. Bankruptcy Court this week (9/9) that proposes to pay for all wildfire claims.

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PG&E’s Role in Napa Fires for a Jury to Decide

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U.S. Bankruptcy Judge Dennis Montali agreed this week (8/16) to allow a State jury to decide whether PG&E’s equipment ignited the devastating wildfire in California wine country nearly two years ago.

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PG&E to Keep Control of Bankruptcy Plan

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PG&E scored a big victory this week (8/16) as U.S. Bankruptcy Judge Dennis Montali ruled that the utility should hold on to sole rights to develop a Chapter 11 bankruptcy exit plan.

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PG&E Warns of Week-Long Power Shut-offs

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PG&E warned its nearly 16 million customers this week (8/14) that it could shut off electricity in entire cities for up to a week as part of its new fire-prevention safety measures.

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California Emissions Fall Nearly 10%

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In a report released by CARB this week (8/12), the agency said that GHG emissions from California’s electricity sector in 2017 dropped 9% below 2016 levels, but overall emissions in the state fell only 1%.

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Governor Newsom Defends State’s Wildfire Efforts

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Governor Newsom defended California’s wildfire prevention efforts this week (7/31) while criticizing the federal government for not doing enough to help protect the State as it enters the height of fire season after two disastrous years.

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President Picker Departs

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This week, CPUC President Mike Picker presided over his last Commission meeting.

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De-Energization of Powerlines During Dangerous Weather Conditions Approved

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With the support from Governor Newsom and the Legislature, the CPUC this month (5/30/2019) approved allowing utilities to cut off electricity to possibly hundreds of thousands of customers to avoid catastrophic wildfires like the one sparked by power lines last year that killed 85 people and largely destroyed the city of Paradise.

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New Governor, but Old Problems Shape 2019

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Three days after being inaugurated as the 40th Governor of the State of California, Gavin Newsom offered his first budget, which at $209 billion, is $8 billion more than former Governor Brown’s last budget.

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