Bankruptcy

Energy

Regulators mull reversing $462M increase in PG&E fire fines

California power regulators are weighing a recommendation to back off plans to fine Pacific Gas and Electric an additional $462 million over a series of deadly Northern California wildfires rather than risk that the harsher punishment might scuttle the utility's plan to get out of bankruptcy.

Energy

PG&E CEO assures utility's safety issues are being fixed

PG&E Corp. CEO Bill Johnson blamed negligence by the company's past management for a cascade of catastrophes that killed nearly 140 people as he tried to persuade California regulators Tuesday that he is steering the utility to make safety its top priority.

Markets

PG&E proposes board revamp in revised bankruptcy plan

Bankrupt California power producer PG&E Corp said on Saturday it had submitted an updated bankruptcy reorganization plan including a new board of directors and new roles aimed at addressing concerns raised by California Governor Gavin Newsom.