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The Latest Breaking News from PGE

PepsiCo, Walmart And 2 Other Stocks Insiders Are Selling

The Nasdaq Composite gained by over 300 points on Friday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

PG&E facing $155 million fine over fatal 2020 Zogg fire in Northern California

SACRAMENTO, Calif. — State regulators said Wednesday they plan to impose a $155.4 million fine against PG&E Corp. over the Zogg fire, which killed four people in rural Shasta County two years ago.

Tribune News Service

Regulators propose $155M fine for PG&E for 2020 wildfire

California regulators have proposed fining Pacific Gas & Electric more than $155 million for sparking a 2020 wildfire in Northern California

The Independent UK

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San Francisco plans to spend 2 years, $1.7 million to build single-toilet public restroom

A single-toilet public restroom planned for San Francisco's Noe Valley Town Square is expected to take two years to build, but it's already causing a stink.

Los Angeles Times

California hired a consultant to monitor PG&E’s wildfire safety woes. Here’s what it found

SACRAMENTO, Calif. — PG&E Corp.’s efforts to improve wildfire safety continue to run into headwinds, including aging equipment, damaged power poles and hazardous trees that went undetected by the utility’s crews, according to a consulting firm hired by California officials.

Tribune News Service

Ex-PG&E execs to pay $117M to settle lawsuit over wildfires

Former executives and directors of Pacific Gas & Electric have agreed to pay $117 million to settle a lawsuit over devastating 2017 and 2018 California wildfires sparked by the utility’s equipment

The Independent UK

Former PG&E executives agree to $117 million settlement over California wildfires

Former executives with utility giant Pacific Gas & Electric have reached a $117 million settlement agreement in connection to the 2017 North Bay fires and the 2018 Camp fire, officials said.

Los Angeles Times

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Tiny Oregon town hosts 1st wind-solar-battery 'hybrid' plant

A renewable energy facility in Oregon that combines solar power, wind power and massive batteries to store the energy generated there will be the first utility-scale plant of its kind in North America

The Independent UK

California bill to accelerate undergrounding of power lines awaits governor's signature

A bill that supporters say will help reduce the incidence of deadly wildfires — especially in the Northern California service territory of Pacific Gas & Electric — by streamlining efforts to place power lines underground awaits the signature of Gov. Gavin Newsom.

Tribune News Service

Tesla Megapack Catches Fire At Battery Storage Facility In California

An industrial battery pack at the PG&E battery storage facility at Elkhorn was in flames in the early hours. No one was injured, and the power kept flowing.

InsideEVs

Tesla Megapack Battery Fire In California That Shut Major Highway Is Now 'Fully Controlled'

A Tesla Inc. (NASDAQ: TSLA) Megapack battery installed at utility PG&E Corporation’s (NYSE: PCG) California storage facility caught fire early on Tuesday, said reports.

Benzinga

Shelter-in-place advisory lifted in Monterey County after fire at Tesla battery storage facility; Highway 1 reopens

MOSS LANDING, Calif. — Monterey County officials announced that the shelter-in-place advisory and all road closures for the Moss Landing fire incident were lifted Tuesday evening.

Tribune News Service

Fire at Tesla battery storage facility in Monterey County closes Highway 1

MOSS LANDING, Calif. — Officials closed Highway 1 in both directions in Monterey County's Moss Landing early Tuesday after a fire was detected at the PG&E Elkhorn Battery Storage facility.

Tribune News Service

Alphabet And 3 Other Stocks Insiders Are Selling

U.S. crude oil futures traded lower this morning. Investors, meanwhile, focused on some notable insider trades.

Benzinga

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The Guardian - US

Tropical Storm Kay bears down on California with rain and 100mph winds

The fierce weather comes with a risk of flash floods and gusts that could fuel wildfires burning across the state

The Independent UK

California wildfires threaten mountain communities

Firefighters are struggling to control raging California wildfires that have grown explosively during extreme heat and forced thousands of residents to flee mountain communities at both ends of the state

Los Angeles Times

PG&E warns over 500,000 customers of possible rotating outages as California heat wave drags on

LOS ANGELES — For a second day, California’s largest utility warned customers to prepare for the possibility of rotating power outages as a brutal heat wave continued to pummel the state.

Tribune News Service

Operators of Diablo Canyon apply for $6 billion federal aid program for nuclear plants

Fresh from getting an extension to keep the last nuclear power plant in California open, Pacific Gas & Electric now looks to receive a chunk of a $6 billion federal program aimed at helping the nation's nuclear fleet remain online.

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The Independent UK

California governor signs bill to keep last reactors running

Democratic Gov. Gavin Newsom has signed legislation intended to open the way for California's last operating nuclear power plant to run an additional five years

Los Angeles Times

Lawmakers approve $1.4 billion loan for PG&E to keep Diablo Canyon nuclear plant open

SACRAMENTO, Calif. — California lawmakers voted to keep the Diablo Canyon nuclear plant open for five more years, ultimately siding with Gov. Gavin Newsom's controversial call to lend PG&E up to $1.4 billion and reverse plans to shutter the facility.

The Independent UK

California legislators advance plan to extend nuke plant run

The California Legislature was advancing Gov. Gavin Newsom’s blueprint to extend the lifespan of the state’s last operating nuclear power plant by up to five years

Los Angeles Times

Commentary: Would public ownership of Pacific Gas & Electric reduce the risk of wildfire?

This summer is yet another marked by wildfire in California. Blazes have ignited throughout the state, including a deadly one that exploded near the Oregon border in late July. The fall is likely to be worse.

Los Angeles Times

Review: The road to California's energy disaster: A new history of PG&E paints a bleak picture

When I read Pacific Gas and Electric's mission statement aloud to my wife, her eyes narrowed.

The Independent UK

Fierce lobbying caps fight over California nuke plant future

California is about to send the nation a powerful message on the future of nuclear power — it’s just not clear what it is yet

WEKU

Why even environmentalists are supporting nuclear power today

Environmentalists advocating for nuclear power have led a push to extend the operating life of Diablo Canyon, California's last nuclear power plant. Japan and Germany consider similar extensions.

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