By Noel Randewich SAN FRANCISCO (Reuters) – Shares of bankrupt California power utility PG&E Corp (N:) extended losses on Monday as investors worried that its equipment might be responsible for wildfires spreading in northern California. After a brief trading halt caused by its rapid fall, PG&E’s stock was down 16%,Read More →
(Reuters) – Northern Californians can expect widespread power cuts aimed at preventing wildfires for a decade while Pacific Gas & Electric upgrades wires systems, cuts back trees and takes other safety measures, the utility’s chief executive said on Friday. Bill Johnson, who became CEO of bankrupt PG&E Corp earlier thisRead More →
© Reuters. FILE PHOTO: Crews from Southern California Gas Company and outside experts work on a relief well at the Aliso Canyon gas field above the Porter Ranch section of northwest Los Angeles By Nichola Groom (Reuters) – The California utility responsible for a massive, 4-month-long gas leak near LosRead More →
© Reuters. FILE PHOTO: A neighborhood destroyed by the Camp Fire is seen in Paradise By Sharon Bernstein SACRAMENTO, Calif. (Reuters) – California utility PG&E Corp plans to increase the controversial practice of shutting off the power to communities at risk of wildfire when dangerous conditions such as high windsRead More →
