PG&E

PG&E CEO Calls for California's Support to Restore Investor Confidence Post-Wildfire

2 months ago

In a recent statement, the CEO of Pacific Gas and Electric Company (PG&E) emphasized the urgent need for assistance from California authorities to regain the confidence of investors following a tumultuous period marked by devastating wildfires. The conversation sheds light on the ongoing challenges faced by the utility giant, which has been grappling with the repercussions of massive liabilities tied to wildfires linked to its infrastructure.

Biden's Green Bank Extends $15 Billion Loan Offer to PG&E: A New Era for Clean Energy Financing?

4 months ago

In a significant development for the energy sector, Pacific Gas and Electric Company (PG&E) has received a monumental loan offer worth $15 billion from the Biden administration’s Green Bank initiative. This financial support aims to bolster the utility’s efforts in transitioning toward more sustainable and cleaner energy solutions, amidst ongoing challenges associated with wildfires and infrastructure improvements.

California Braces for Power Cuts Amid Rising Fire Risk from Strong Winds

5 months ago

California is now facing an escalating risk of power outages as intense winds heighten the threat of wildfires across the state. With the arrival of seasonal gusts, the state's energy authorities are preparing for potential shutdowns to safeguard power lines and prevent catastrophic fire incidents.

California Faces Rolling Blackouts as Fire Threats Loom Over 5,400 Customers

6 months ago

In a proactive measure against potential wildfire threats, California has initiated rolling blackouts affecting over 5,400 customers across various regions. The decision, made by Pacific Gas and Electric (PG&E), aims to mitigate risks as powerful winds combine with dry conditions, creating a perilous environment for wildfires to ignite and spread rapidly. As the state braces for another round of intense weather, officials have prioritized safety over electricity availability, emphasizing the urgency of the situation.