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Jan 19, 2019
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pg & e was w goringh the governor at the time in 2001. they were looking to find a settlement d the governor said at the time what a slap in the face that was. what we have leaoued is can't really trust pg & e in the negotiations, and two, you have to be able to have a public utilities commission and memberships of that commission a who are hones who are looking out for the ratepayers' t.est inter back then we didn't have that. i would call it an incest out relationship back then, and that pretty much gave them everything they wanted, which cos us a lot more. >> but also there were problems with the cpuc's relationship with pg & e even after the zambuno explosion that happened in your district. >> absolutely. >> we started learning about very cozy relationships. >> very cozy. that's because the same people that were there in 2001 were still there. >> do you have more trust now? >> i have greater confidence, they' good, hone people and they're putting the interests of the public at heart. that's l.criti >> how would you hope that governor
pg & e was w goringh the governor at the time in 2001. they were looking to find a settlement d the governor said at the time what a slap in the face that was. what we have leaoued is can't really trust pg & e in the negotiations, and two, you have to be able to have a public utilities commission and memberships of that commission a who are hones who are looking out for the ratepayers' t.est inter back then we didn't have that. i would call it an incest out relationship back then, and...
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Jan 15, 2019
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he says he has formed a pg&e task force and says pg&e has not been a trusted player in the past, siting the utility's previous admission to circumventing regulators by misreading its pipes. >> i can assure you with pg&e it's trust but dare i say verify. and let me underscore verify. >> pg&e officials say they need to file for bankruptcy protection because of the lawsuits that are expected from last year's camp fire. >> we have team coverage, starting with the i team's dan noyes who is live in the newsroom. >> larry and kristen, today's announcement sent pg&e stock down sharply. it's off more than 80% from november. and this s.e.c. filing shows why it's in such bad shape. the form filed with the securities and exchange commission lays out in detail how pg&e could be on the hook for causing the camp fire, how lines may have come off some of its high voltage towers in november's high winds, sparking the blaze. with the camp fire and 2017 wildfires in northern california, pg&e's liability could exceed $30 billion. frank petri represents hundreds of camp fire victims. >> i'm disappointed tha
he says he has formed a pg&e task force and says pg&e has not been a trusted player in the past, siting the utility's previous admission to circumventing regulators by misreading its pipes. >> i can assure you with pg&e it's trust but dare i say verify. and let me underscore verify. >> pg&e officials say they need to file for bankruptcy protection because of the lawsuits that are expected from last year's camp fire. >> we have team coverage, starting with the i...
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Jan 19, 2019
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do you think the state should take over pg & e? >> the state probably not take perhaps utility, but there's other opportunities that could do it. san francisco is right now talking about taking over the pg & e distribution system within the city. other cities are talking about it as well. >> what about wildfire victims? they're suing, they're concerned that a bankruptcy may mean they're not entitled to claims that they are entitled to. >> going back many years ago ere was the asbestos settlements, the bankruptcies that were invoed there. there were trust fences established. we could do the same with fe victims. at the end of the day, the public utilities commission will have to approveny bankruptcy settlements or restructuring. that will give us and the state and the puc an opportunity to structure that in a way to prtect those victims. >> is that something you'll push for? >> definitely. v ratepayers andctims are the most important part of any settlement we have to deal with. >> pg & e declared bankruptcy once before in 2001. what
do you think the state should take over pg & e? >> the state probably not take perhaps utility, but there's other opportunities that could do it. san francisco is right now talking about taking over the pg & e distribution system within the city. other cities are talking about it as well. >> what about wildfire victims? they're suing, they're concerned that a bankruptcy may mean they're not entitled to claims that they are entitled to. >> going back many years ago ere...
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Jan 21, 2019
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>> pg & e has plenty of money. they're talking about things that haven't been assessed yet, and there's plenty of money to keep the lights on. this is a strategic corporate choice by a corporation that has proven it is out of control. >> what is the role of th california public utilities commission here. you used to be the president. is it possibly to blame, because it is the agency responsible for overseeing the gency? >> absolutely they're partly to blame. the puc has been way too cozy and let corporations get away with way too much. mostly the puc has failed in the central job, which is to keep the system safe, topranotect t >> what do you think they should do now, given the plan that pg and e has decred? >> the puc is an integral part the reorganization. they cannot emerge from the bankruptcy, unless the puc proves of thedeal. that's why it's so critical the puc is aligned with the new administration >>professor, there are some environmental implications here as well. california h ambitious plans to transfer to
>> pg & e has plenty of money. they're talking about things that haven't been assessed yet, and there's plenty of money to keep the lights on. this is a strategic corporate choice by a corporation that has proven it is out of control. >> what is the role of th california public utilities commission here. you used to be the president. is it possibly to blame, because it is the agency responsible for overseeing the gency? >> absolutely they're partly to blame. the puc has...
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Jan 15, 2019
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are we looking at the end of pg&e and also what about the pg&e employees? what happened to them and without pension plans. slacker is a lot of questions. they will remain intact because of what is called of a debtor in possession. as a move forward, the people who are actually calling the shots are the community of accreditors who really make the condition about major expenditures. to support the company into gas and electric not very likely because of the liabilities that are involved. as to employees, they are one of the highest creditors because they need to get paid unlike what the federal and the baker of the court to make sure it happened. make sure it happened with the 401(k)s, there is no danger of it. but there might at some point in time put in last, but that a still ought to be determined. this is fairly early stages with this. the filing has not taken place but these are all fair questions that we have answers to in the coming weeks, month, and very possibly years. >> thank you. >>> trouble spots any time it rains and today was no different. i w
are we looking at the end of pg&e and also what about the pg&e employees? what happened to them and without pension plans. slacker is a lot of questions. they will remain intact because of what is called of a debtor in possession. as a move forward, the people who are actually calling the shots are the community of accreditors who really make the condition about major expenditures. to support the company into gas and electric not very likely because of the liabilities that are involved....
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Jan 15, 2019
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pg&e giving 15 days noticing at the end of the mother will be declaring bankruptcy. >> reporter: pg&eounced today following two years of devastating wildfires which victims they was caused by transmission lines will little choice but to declare bank of the. the company provided the 15 day advance notice required by recently enacted california law that is in the wholly-owned subsidiary, pacific gas & electric company curly intended to file petitions to reorganize under chapter 11 of the us make up the code on or about dinner 29th, 2019. utility saying chapter 11 means it will be continued to be able to provide gas and electrical service to the state. the utility is committed to assisting the communities affected by it wildfires revenues comes one day after the ceo for pg&e announced that she was stepping down. ark tony from the utility reform network, and watchdog worries that a bankruptcy land on the shoulders of customers. >> the baker of the judge puts it the creditors comey the people owed money, as the top priority. how to pay them off. and ratepayers, the
pg&e giving 15 days noticing at the end of the mother will be declaring bankruptcy. >> reporter: pg&eounced today following two years of devastating wildfires which victims they was caused by transmission lines will little choice but to declare bank of the. the company provided the 15 day advance notice required by recently enacted california law that is in the wholly-owned subsidiary, pacific gas & electric company curly intended to file petitions to reorganize under chapter...
SFGTV: San Francisco Government Television
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Jan 27, 2019
01/19
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rates, and pg nd exit fees. the exit fee is a method this cpuc uses to ensure those unavoidable costs are shared with c.c.a. customers. the p.u.c. took a rate action. the san francisco p.u.c. took a rate action that is before you today because it pg nd was forecasting that it's rates would be changing early this year, specifically, their exit fees are expected to increase for commercial customers, and decrease for commercial customers. the generation rates are projected for all customers. the results, were we to take no action is that clean power s.f. customer cost would be higher than pg nd service. that is why we are here with you today recommending that you take the action to ensure that our customers have competitive rates with pg nd and are protected from these exit fees that they implemented. influencing these changes is the decision of the california p.u.c., which change the methodology for calculating fees in october of 2018. the most recent decision was recent -- was really front of mind for san francis
rates, and pg nd exit fees. the exit fee is a method this cpuc uses to ensure those unavoidable costs are shared with c.c.a. customers. the p.u.c. took a rate action. the san francisco p.u.c. took a rate action that is before you today because it pg nd was forecasting that it's rates would be changing early this year, specifically, their exit fees are expected to increase for commercial customers, and decrease for commercial customers. the generation rates are projected for all customers. the...
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Jan 25, 2019
01/19
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the governor said this in no way lets pg&e off the hook. >> my focus is not pg&e, but california and californians. my focus is on safe, reliable and affordable service. >> reporter: the governor acknowledged not everyone would be pleased with today's announcement but says he has no reason to believe the findings are flawed and has full confidence in the investigation. in sacramento, "abc7 news." >>> pg&e is expected to file for chapter 11 bankruptcy in five days time. it acknowledged today's cal fire findings, but says the report did not change the company's unsurmountable financial challenges. pg&e still faces extensive litigation, significant potential liabilities and a deteriorating financial situation, which was further impaired by the credit agency downgrades to below investment grade. slgz >> the news provides some clarity on the utility's liability for the october 2017 firestorm. cal fire investigators have already determined that pg&e's equipment is responsible for at least 17 major wildfires. pg&e's stock shot up today after cal fire released its report. this chart shows how
the governor said this in no way lets pg&e off the hook. >> my focus is not pg&e, but california and californians. my focus is on safe, reliable and affordable service. >> reporter: the governor acknowledged not everyone would be pleased with today's announcement but says he has no reason to believe the findings are flawed and has full confidence in the investigation. in sacramento, "abc7 news." >>> pg&e is expected to file for chapter 11 bankruptcy in...
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Jan 25, 2019
01/19
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governor says he's not sure what pg&e will do next. >> pg&e was found not to be liable. in that instance. now that said rkts pg&e was found liable for 17 other fires. in 2017. >> cal fire says while they have determined where the fire started. it's possible public power lines caused other fires in the area due to extreme weather conditions. >> could there have been? yes. but this is the point of origin for the tubs fire. you can have infrastructure failure and spot fires. they're confident this is the origin. >> some would be pleased with the announcement. clearing pg&e of causing the tubs fire. others would be confused. some question the findings. newsom has no reason to believe the findings are flawed. he has full confidence with the investigation. with cal fire. but says if he's presented with new evidence to suggest otherwise, he would have to take a close look. at those findings. >> thank you. pg&e is expected to file for chapter 11 bankruptcy in five days. acknowledged today's cal fire findings. it didn't change the companies financial challenges. in statement the
governor says he's not sure what pg&e will do next. >> pg&e was found not to be liable. in that instance. now that said rkts pg&e was found liable for 17 other fires. in 2017. >> cal fire says while they have determined where the fire started. it's possible public power lines caused other fires in the area due to extreme weather conditions. >> could there have been? yes. but this is the point of origin for the tubs fire. you can have infrastructure failure and spot...
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Jan 15, 2019
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he says he has formed a pg&e task force and says pg&e has
he says he has formed a pg&e task force and says pg&e has
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pg&e plays a critical role. clean energy says it doesn't foresee any issues. >> everything is business as usual. they will continue to do all the services they do for us. metering and collection. as they have so far. >> concerned glitches could impact many. >> even if you are a customer of a community choice. it doesn't insulate you from the problem. we all depend on the infrastructure. >> bankruptcy proceedings can take a long time to settle. 201 case took two years before they reached an agreement. that spans a document that runs 57 pages. >> thank you. this bankruptcy could have a trickle down effect on pg&e customers. in the father or mothorm of the bills. >> 20,000 employees could feel an impact. looking into that part of the story. >> the immediate impact for consumers at your home. right now. you'll continue getting the gas and electricity the same way you always have. as for impacts on the bills, you could pay more and could actually pay less. >> history doesn't always repeat itself. we can learn from th
pg&e plays a critical role. clean energy says it doesn't foresee any issues. >> everything is business as usual. they will continue to do all the services they do for us. metering and collection. as they have so far. >> concerned glitches could impact many. >> even if you are a customer of a community choice. it doesn't insulate you from the problem. we all depend on the infrastructure. >> bankruptcy proceedings can take a long time to settle. 201 case took two years...
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Jan 15, 2019
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today, shares that pg&e closed at $8.38. >>> pg&e is the largest investor-owned utility in the u.s. it serves more than 5 million electrical customers with a service area stretching from eureka to bakersfield. and it employs 20,000 people. they file for bankruptcy once before in 2001, and the utility was 12 million dollars in debt then after the regulation of the states public utilities and an injury -- an energy crisis that forced pg&e to pay high rates for out of service electricity. customers paid above market rate prices for several years. emerge from bankruptcy in 2004. >>> the role of pg&e's regulator, and weiss some say the cpuc blaze -- has some blame for pg&e's problems. >>> police busti mail theft ring and ktvu's as a smith is at one of the places that they targeted. >> reporter: neither the police nor the postal inspector are answering how they got master keys. mailboxes are not out in the open, only accessible to the key card. the seven people, all fr theft sophisticated operation in mountain view, where dozens of people were vict ve in an afflu it is, i am sure, the spo
today, shares that pg&e closed at $8.38. >>> pg&e is the largest investor-owned utility in the u.s. it serves more than 5 million electrical customers with a service area stretching from eureka to bakersfield. and it employs 20,000 people. they file for bankruptcy once before in 2001, and the utility was 12 million dollars in debt then after the regulation of the states public utilities and an injury -- an energy crisis that forced pg&e to pay high rates for out of service...
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Jan 15, 2019
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for more than pg&e's insurance and assets. >> pg&e with respect has not been a trusted player in the past. >> reporter: california governor gavin newsom said he is concerned about protecting taxpayers, ratepayers and fire victims. the governor said power supplies are sufficient for pg&e's more than 5 million customers across a service area larger than the state of florida, but the, company itself has shown a failure of management after the san bruno pipeline explosion. >> they misrepresented their inspections of pipes, and they misled the public. that is simply an acceptable. >> reporter: an attorney for victims of the wildfire who are suing pg&e,paid. >> the filing of the bankruptcy in no way means that their claims are not going to be fairly compensated. >> reporter: but experts say legal proceedings would likely be delayed in bankruptcy court. pg&e customers could also face higher rates. >> ratepayers, the people who pay the bills get stuck with the bill. >> reporter: and taxpayers could bear the burden if there is a state bailout. >> there may need to be a change of funding. >> r
for more than pg&e's insurance and assets. >> pg&e with respect has not been a trusted player in the past. >> reporter: california governor gavin newsom said he is concerned about protecting taxpayers, ratepayers and fire victims. the governor said power supplies are sufficient for pg&e's more than 5 million customers across a service area larger than the state of florida, but the, company itself has shown a failure of management after the san bruno pipeline explosion....
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Jan 30, 2019
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fire victims from october 2017 who are suing pg&e. he said the filing was probably the cruelest thick that could happen to fire victims other than the fire. we came to an area that was hit hard, especially the neighborhood that was behind the silverado spa. in san ohma fire -- sonoma a lot of people were under insured. many can't afford to rebuild. >> it's not a surprise. we've gotten letters about class-action lawsuits. i would like someone to be accountable. >> by filing bankruptcy as a litigation tactic pg&e has frozen the rights of the citizen to get a day in court. the bankruptcy moves it to federal bankruptcy court. >> michael kelly is one of three attorneys appointed to lead the cases against pg&e. he has 300 victims and homeowners affected by the atlas fire had a trial date set. all of that is put on hold. they will fight for the fire victims. this thing is far from over. we reached out to the city of napa and the county of napa but they declined to comment. we spoke with the board of supervisors. susan goran, shand said pg&e
fire victims from october 2017 who are suing pg&e. he said the filing was probably the cruelest thick that could happen to fire victims other than the fire. we came to an area that was hit hard, especially the neighborhood that was behind the silverado spa. in san ohma fire -- sonoma a lot of people were under insured. many can't afford to rebuild. >> it's not a surprise. we've gotten letters about class-action lawsuits. i would like someone to be accountable. >> by filing...
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Jan 29, 2019
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pg&e has filed for bankruptcy. what it could mean for more than 10 million customers. >>> a popular middle school is going to be shut down in oakland. what this means for students as the district continues to battle it budget crisis. >>> a polar vortex hits the midwest with subzero temperatures. just how long it will stick around and the changes coming to the weather right here in the bay area. >>> this is mornings on 2 the 9 at noon. >> i am mike mibach. it's official. just after midnight today, pg&e filed for bankruptcy. it's the second time pg&e has made this move. of course the last thomas 2001. >> this time the utility faces billions in potential liability tied to the california wildfires. sara zendehnam is live at pg&e headquarters this afternoon with the story. >> reporter: despite the chapter 11 filing, pg&e says it is still committed to helping customers and communities affected by northern california wildfires. but critics call it a bailout that will actually hurt wildfire victims. earlier this month, pg&
pg&e has filed for bankruptcy. what it could mean for more than 10 million customers. >>> a popular middle school is going to be shut down in oakland. what this means for students as the district continues to battle it budget crisis. >>> a polar vortex hits the midwest with subzero temperatures. just how long it will stick around and the changes coming to the weather right here in the bay area. >>> this is mornings on 2 the 9 at noon. >> i am mike mibach....
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Jan 15, 2019
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(ken) pg&e says they'll file for chapter 11 bankruptcy.'ll talk to lawmakers who are still trying to hold the utility accountable for any potential liability stemming from deadly california wildfires. (pam) and some good news for the south bay.... as the mayor returns to work. the latest on mayor liccardo's condition ... coming up. (pam) and it may be wet out there tonight ... but the worst is yet to come. the latest on the rainy week ahead ... coming up. = (pam) tonight at 6. lawmakers are weighing in on p-g&e's plans to file for chapter- 11 bankruptcy.... in preparation for the potentially billions of dollars in liability the company faces ... from its role in causing several deadly wildfires... and alleged role in others. thank you for joining us, i'm pam moore. (ken) and i'm ken wayne. electricity could be hanging in the balance.... (ken) we have team coverage tonight... kron 4's dan kerman is standing by in our newsroom with d
(ken) pg&e says they'll file for chapter 11 bankruptcy.'ll talk to lawmakers who are still trying to hold the utility accountable for any potential liability stemming from deadly california wildfires. (pam) and some good news for the south bay.... as the mayor returns to work. the latest on mayor liccardo's condition ... coming up. (pam) and it may be wet out there tonight ... but the worst is yet to come. the latest on the rainy week ahead ... coming up. = (pam) tonight at 6. lawmakers...
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Jan 25, 2019
01/19
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this is good news for pg&e. attorneys for the victims say they are already saying cal fire got it wrong. this fight is far from over. >> the tubs fire started the night of october 8, 2017 and swept across napa county. destroying 5,000 homes. taking 22 lives. the report released today shows hours after the fire started an investigator identified the possible ignition point. a home on a ten acre plot. owned by an elderly woman out of town at the type. the report clearing pg&e. saying the fire was caused by a private system. >> this is purely scientific. method cal. several thousand hours into this. it was a very large investigation. >> cal fire didn't identify any violation of state law in how the fire started. pg&e issued a statement today reading in part. regardless of the announcement, pg&e faces litigation and liability. and a financial situation. they plan to file for bankruptcy in five days and state senator echoes what people are saying. >> the people who lost their homes or lost lives. will be able to purs
this is good news for pg&e. attorneys for the victims say they are already saying cal fire got it wrong. this fight is far from over. >> the tubs fire started the night of october 8, 2017 and swept across napa county. destroying 5,000 homes. taking 22 lives. the report released today shows hours after the fire started an investigator identified the possible ignition point. a home on a ten acre plot. owned by an elderly woman out of town at the type. the report clearing pg&e....
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Jan 15, 2019
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to pg&e now. and who is going to hold that utility accountable? >> investigative reporter jaxon van derbeken has exposed problems at pg&e the past several years. here's his report. >> i think we've got a comprehensive vegetation management program and i believe our employees executed it effectively. >> reporter: when she said that, c.e.o. geisha williams was defending pg&e's vegetation management program, amidst accusations it wasn't trimming enough branches or cutting down trees in danger of pulling down electrical lines during high winds. but that was before the north bay firestorm of 2017 where a nzen fires aren pg&e's failure to trim its trees. today also facing as much as 30 billion in liability from last year's camp fire. and the company is headeort. the bankruptcy comes as a federal judge overseeing pg&e's probation in the san bruno gas pipeline explosion case has called them to task. citing falsified safety records, judge william a lsu p wants pg&e to shut off any parts of its electrical s
to pg&e now. and who is going to hold that utility accountable? >> investigative reporter jaxon van derbeken has exposed problems at pg&e the past several years. here's his report. >> i think we've got a comprehensive vegetation management program and i believe our employees executed it effectively. >> reporter: when she said that, c.e.o. geisha williams was defending pg&e's vegetation management program, amidst accusations it wasn't trimming enough branches or...
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. >> the pg&e bankruptcy filing is a scam. >> mark tony tells me pg&e is trying to protect itself from accountability for recent wildfires many of which were caused by pg&e equipment according to cal fire. >> if we don't stop these utility-caused wildfires, nothing is going to fix the problem. bankruptcy will not stop future fires. >> reporter: governor gavin newsom reacted to the filing. that was pg&e's choice but that does not change my focus to ensure we have access to safe, reliable, and affordable service. other lawmakers tell me that pg&e bankruptcy revictimizes those who lost homes or loved ones in the wildfires, their claims against the utility now uncertain. there are new calls today for pg&e's board of directors to be replaced. i'll have that part of the story at 6:00. >> is that likely? >> possible. we'll see. >> all right. see you at 6:00. >>> this is actually the second time pg&e has filed for bankruptcy. they filed for chapter 11 protection in 2001 citing $9 billion in debt. at the time, the chronicle reported it was the third largest bankruptcy filing in u.s. history. th
. >> the pg&e bankruptcy filing is a scam. >> mark tony tells me pg&e is trying to protect itself from accountability for recent wildfires many of which were caused by pg&e equipment according to cal fire. >> if we don't stop these utility-caused wildfires, nothing is going to fix the problem. bankruptcy will not stop future fires. >> reporter: governor gavin newsom reacted to the filing. that was pg&e's choice but that does not change my focus to ensure...
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Jan 30, 2019
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victims to pg&e customers. they face billions of dollars in claims tied to the wildfires. the bankruptcy filings means victims' lawsuits will be consolidated an they'll likely get less money in payouts. they're committed to maintaining surveillances for customers during the bankruptcy process as in your lights and gas staying on, but this will affect pg&e customers for two main reasons this matters to you. your bill is probably going to be higher and your power might get turned off more often in the future. why will you be paying more? we're still paying for pg&e's last bankruptcy in 2001. if you look at your bill care p fully, the dwr bond charge is there. it could take over a year for the bankruptcy to get sorted out and that takes us into another fire season. if pg&e equipment is found to be the cause of more destructive wildfires, that means more lawsuits, more wildfire payouts, and even higher bills for you. speaking of wildfires, they could be the reason your power gets turned off more often in the future
victims to pg&e customers. they face billions of dollars in claims tied to the wildfires. the bankruptcy filings means victims' lawsuits will be consolidated an they'll likely get less money in payouts. they're committed to maintaining surveillances for customers during the bankruptcy process as in your lights and gas staying on, but this will affect pg&e customers for two main reasons this matters to you. your bill is probably going to be higher and your power might get turned off more...
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pg&e's many, many customers. leeann? >> reporter: well, you know, fa faced with the possibility of bankruptcy, pg&e is throwing out a lot of ideas out there. for example, they're saying we may have to move from this location. it's just too expensive. they're also saying we may have to sell our gas business as well. what is the old adage, desperate times call for desperate measures? pg&e has not denied reports that it may file for bankruptcy protection and that has everyone talking, from wall street to the california legislature. a bankruptcy would be disastrous, according to t.u.r.n., the utility reform network, which looks out for customers. >> it's just going to be about paying off the creditors, okay? and we certainly as rate payers end up losers. >> reporter: last year pg&e threatened to go bankrupt as it faced lawsuits resulting from the 2017 wildfires. but the legislature came to their rescue by passing senate bill 901, which placed a cap on how much pg&e could pay out in lawsuits and still remain solvent.
pg&e's many, many customers. leeann? >> reporter: well, you know, fa faced with the possibility of bankruptcy, pg&e is throwing out a lot of ideas out there. for example, they're saying we may have to move from this location. it's just too expensive. they're also saying we may have to sell our gas business as well. what is the old adage, desperate times call for desperate measures? pg&e has not denied reports that it may file for bankruptcy protection and that has everyone...
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Jan 14, 2019
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but the big news is pg&e. as kris sanchez first told us, pg&e is filing for bankruptcy. its ceo stepped down over the weekend. the company is or may be responsible for hundreds of wildfires in california. the liability is turning out to be too much. t a power company filing for bankruptcy doesn't mean electricity will be turned off. there were brownouts when pg&e first filed for bankruptcy in 2001, but that was because of disruption. amazon faces uncertainty as its founder and wife split up. jeff bezos' ex-wife may have control of the company. >> if they split shares and she becomes a large shareholder, how does that affect the management of the company when your ex-wife is your largest shareholder? >> more about that on the "today" show at 7:00. >>> trump twice divorced himself called jeff bezos jeff bozo over the weekend. monday is the 24th day of the shutdown. over the weekend the president offered to bring back daca back the table. we'll talk more about that at 5:45. i know you're talking about the detroit auto show, one of the most interesting announcements is out o
but the big news is pg&e. as kris sanchez first told us, pg&e is filing for bankruptcy. its ceo stepped down over the weekend. the company is or may be responsible for hundreds of wildfires in california. the liability is turning out to be too much. t a power company filing for bankruptcy doesn't mean electricity will be turned off. there were brownouts when pg&e first filed for bankruptcy in 2001, but that was because of disruption. amazon faces uncertainty as its founder and wife...
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Jan 25, 2019
01/19
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the tubbs fire-- wasn't pg&e s fault. so, now what? "i hope pg and e is not celebrating because of this.." tonight: on the hunt-- for a dealo enhu the ideas.. left on the table. and a slice of highway one.. turned into a tent city. why local city leaders say -- they can't do anything about it! good evening, i'm veronica de la cruz. tonight cal fire investigators say: it was private power lines -- not pg&e -- that caused the *deadly tubbs fire. investigators say the fire's point of origin was on private property a few miles north of calistoga.. on bennett lane. chopper 5 flew over the 10-acre site late today. cal fire says the 91-year-old owner's private electrical equipment failed. so.. what does this mean for fire victims? kpix 5's betty yu is live for us...outside pg&e headquarters in san francisco... tonight.. betty? betty: pg&e cal fire says it has a large area to cover and they had to send many things to a lab to get tested . this one was difficult and very involved.. ã the tubbs fire killed 22 people and destroyed thousands of st
the tubbs fire-- wasn't pg&e s fault. so, now what? "i hope pg and e is not celebrating because of this.." tonight: on the hunt-- for a dealo enhu the ideas.. left on the table. and a slice of highway one.. turned into a tent city. why local city leaders say -- they can't do anything about it! good evening, i'm veronica de la cruz. tonight cal fire investigators say: it was private power lines -- not pg&e -- that caused the *deadly tubbs fire. investigators say the fire's...
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Jan 30, 2019
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. >> pg&e will be just as stable today as it was yesterday. everybody is going to get their electricity. >> reporter: and two, fire victims will not automatically go to the back of the line, because as unsecured creditors, elias says that puts them in the same pool as bond holders and other investors. >> they have claims that are equal to each other in terms of prio. the wildfire victims will only take a haircut if the bond holders also take a haircut. >> reporter: and the professor says it's just frankly misinformation that the fire victims get paid last. they sit above shareholders in the hierarchy of things. but, and this is a very big but, if there is another major wildfire, now here in 2019, after pg&e has gone into bankruptcy, it changes everything. in the 2017 and 2018 victims, do get bumped back. we'll explain why coming up at 6:00. reporting live from the civic center area here, sam brock, nbc bay area news. >> sam, thank you. there are a lot of factors to this. not just those monthly bills. it's our friends, relatives and neighbors.
. >> pg&e will be just as stable today as it was yesterday. everybody is going to get their electricity. >> reporter: and two, fire victims will not automatically go to the back of the line, because as unsecured creditors, elias says that puts them in the same pool as bond holders and other investors. >> they have claims that are equal to each other in terms of prio. the wildfire victims will only take a haircut if the bond holders also take a haircut. >> reporter:...
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Jan 30, 2019
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pg&e's financial status. here's what happened in bankruptcy court today. the judge gave pg&e permission to keep operating as usual for the next two days until they return to court. nbc bay area jackson van der becken has been covering safety and financial issues for years for us. jackson, the biggest question for so many of us, how does this impact our monthly pg&e bill? will it be going up in the near future? >>> the last bankruptcy cost ratepayers between $6 billion and $8 billion. so given that cost, and that dealt with just energy contracts across state li pay its debts a clearance from them. in this case now we have, you know, what pg&e says is something like $50 billion of outstanding liabilities. and obviously the money has to co come from somewhere. >> where is that money coming from? who is loaning them the money and will it be paid back? >> well, a group of banks are loaning the money. the idea is to create an operating reserve so pg&e can show the bankruptcy court it is essentially operating in goo
pg&e's financial status. here's what happened in bankruptcy court today. the judge gave pg&e permission to keep operating as usual for the next two days until they return to court. nbc bay area jackson van der becken has been covering safety and financial issues for years for us. jackson, the biggest question for so many of us, how does this impact our monthly pg&e bill? will it be going up in the near future? >>> the last bankruptcy cost ratepayers between $6 billion and...
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Jan 15, 2019
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pg&e is the target of more than 200 lawsuits.management tells shareholders pg&e's liability will be at least two and a half billion dollars ... late last year governor brown signed a bill allowing pg&e to pass along some of the cost to its customers ... but only for the 2017 fires.natlast november's camp fire killed 86 people, destroyed 18=thousand structures and wiped out most of the town of paradise. victims have sued pg&e, accusing the company of improper maintenance of its equipment.calfire and the public utilities commission are also investigating.in all, the company's liability could stretch into the tens of billions of dollars. (robin ) so what happens to the lawsuits if p-g&e declares bankruptcy? the law says the company's bond-holders have to be paid off first, followed by general creditors, with accident victims ... like those affected by the fire ... farther down the line. (robin ) in the east bay... two teenagers lost their lives in a horrific crash over the weekend. several others remain hospitalized. and a vigil is planned to honor the two girls who died... kron four's te
pg&e is the target of more than 200 lawsuits.management tells shareholders pg&e's liability will be at least two and a half billion dollars ... late last year governor brown signed a bill allowing pg&e to pass along some of the cost to its customers ... but only for the 2017 fires.natlast november's camp fire killed 86 people, destroyed 18=thousand structures and wiped out most of the town of paradise. victims have sued pg&e, accusing the company of improper maintenance of its...
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Jan 15, 2019
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in the meantime, pg and e -- pg&e's ceo is stepping down.eisha williams was in charge during the deadly wildfires during 2017 and 2018. john simon is taking her place for the time being. >>> rain is crossing the north bay, but our wettest storm is yet to come. wednesday will be very soggy, potentially the wettest day we have had so far this winter. it is pouring over the ocean right now. lightning strikes, too if you are along the san mateo or san francisco coastline. there is a light show off to the west. we have had some rain over the past couple hours. that has lifted out and we are getting a bit of a break. we will call it on and off rain the next 24 hours. it will be on in the form of scattered showers tomorrow and really on around lunchtime. we go back to scattered showers but watch wednesday afternoon. there it is. heavy rain for the entire bay area and also some strong winds. on a 1-10 scale, we have not seen rain hit a seven. it will on wednesday. the wind will also be a seven. flooding concerns on streets and highways will be about
in the meantime, pg and e -- pg&e's ceo is stepping down.eisha williams was in charge during the deadly wildfires during 2017 and 2018. john simon is taking her place for the time being. >>> rain is crossing the north bay, but our wettest storm is yet to come. wednesday will be very soggy, potentially the wettest day we have had so far this winter. it is pouring over the ocean right now. lightning strikes, too if you are along the san mateo or san francisco coastline. there is a...
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Jan 29, 2019
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here's a portion saying that was pg&e's -- that was pg&e's choice, referring the bankruptcy filing and duds not change my focus which is protecting the best interest of the people of california, my administration will continue working to ensure that californians have access to safe, reliable and affordable service that victims and employees are treated fairly an that california continues to make forward progress on the climate change goals. pg&e filed for bankruptcy in 2001 after a botched state deregulation of electricity industry. guys, this is two bankruptcy filings in less than 20 years. we're live in san francisco. pete suratos, nby a lot of people following there. thank you. >>> investigative unit is focusing on pg&e for years now. on our website all of our reports including the past investigation into the san bruno pipeline explosion, head to nbc bay area.com/investigations to watch more. >>> developing now, the state department is warning americans not to travel to venezuela. the advisory comes amid an escalating political and economic crisis. many opposed president maduro. the
here's a portion saying that was pg&e's -- that was pg&e's choice, referring the bankruptcy filing and duds not change my focus which is protecting the best interest of the people of california, my administration will continue working to ensure that californians have access to safe, reliable and affordable service that victims and employees are treated fairly an that california continues to make forward progress on the climate change goals. pg&e filed for bankruptcy in 2001 after a...
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Jan 1, 2019
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pg&e reportedly pg&e reportedly paid around 5 thousand dollars for each new camera installed.nd you can view them online. they're on mount tam, big rock ridge, and barnabe peak... the cameras are part of a comprehensive network spanning three counties... marin, napa and sonoma. (ken)coming up tonight at 6:45... murder charges against the colorado man whose fiance has been missing since thanksgiving. (catherine)but first... with 2019 comes a host of new laws here in california....we'll talk about a change to pet stores here in the state.. that's the first of its kind in the nation. (ken)the countdown to 2019 continues....lots of headlights coming into the city tonightwe'll be right back... stay with us here on the bay area's local news station. (ken) pet stores in california have a new law going into effect on new years day-- that limits some of the animals they sell.the pet rescue and adoption act will allow pet stores to only sell dogs, cats and rabbits that come from shelters or non-profit rescue organizations.also -- store operators will have to be able to provide records o
pg&e reportedly pg&e reportedly paid around 5 thousand dollars for each new camera installed.nd you can view them online. they're on mount tam, big rock ridge, and barnabe peak... the cameras are part of a comprehensive network spanning three counties... marin, napa and sonoma. (ken)coming up tonight at 6:45... murder charges against the colorado man whose fiance has been missing since thanksgiving. (catherine)but first... with 2019 comes a host of new laws here in california....we'll...
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Jan 31, 2019
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that judge ruling pg&e violated their probation. >>> pg&e went in front of an upset federal judge inisco today. utility representatives were there saying the company violated reporting laws ever since the san bruno pipeline explosion. we are joined now with more on what happened. >>> pg&e added another embarrassing moniker to its growing number. this time it is probation violator. >> reporter: pg&e was summoned to the court to answer a federal accusation that they violated terms of probation. it stemmed from the san bruno natural gas explosion felony criminal case in which the jury convicted it of six felonies. under that probation pg&e was and remains prohibited from violating any criminal laws whatsoever. the judge ruled that pg&e violated that probation by failing to report to the court that butte county was investigating pg&e for improper trimming of trees that caused the fire that hit pg&e power lines. consumer advocates were hoping for more. >> what the judge could do is place pg&e in receivership. he will then have somebody who is bound to do exactly what the court ordered.
that judge ruling pg&e violated their probation. >>> pg&e went in front of an upset federal judge inisco today. utility representatives were there saying the company violated reporting laws ever since the san bruno pipeline explosion. we are joined now with more on what happened. >>> pg&e added another embarrassing moniker to its growing number. this time it is probation violator. >> reporter: pg&e was summoned to the court to answer a federal accusation...
SFGTV: San Francisco Government Television
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Jan 16, 2019
01/19
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ll pg&eçóçó notified itsr its intentÑiçóÑikoñr to file i b.tcyçó could interrupt t remittance ofñr cleanpowersf ké hetchy power andñr cleanpowersf programs wl continue toÑiÑiÑi dñr pg&e willÑi continueçó to >> ñrñrno,e1çó i'm --çó i'll we questions.ñr >> president yee: okay.ÑiçóÑi u e&aejjiu(u to thank theñrñr jfs p.u.c.çóÑi toútsank themÑi for. iñr new Ñi appointments to that Ñi all-pow$-u1 body, but ó list ofçóÑi griefances between the and countyko of san franciscod 0kific gas andÑi electric is growingçóçóçór whether it is countless cases that we have at the fmd ral energyçóú.Ñi regulatory commis cb8k"áju continuesÑiym opportunityÑzto moved!óziÑi enq independence, to ñrñrÑiindepen i think there's the erafñr mon kicking around, andçó i thinkç there's fourÑiñr -- five exist zbls by generous, i don't -- i should say -- i probably shouldn't use that word. we have a credit facility that has available capacity, that can help us, whether a situation -- a situation like that. so we do have tools in front of us available to us that we planned f
ll pg&eçóçó notified itsr its intentÑiçóÑikoñr to file i b.tcyçó could interrupt t remittance ofñr cleanpowersf ké hetchy power andñr cleanpowersf programs wl continue toÑiÑiÑi dñr pg&e willÑi continueçó to >> ñrñrno,e1çó i'm --çó i'll we questions.ñr >> president yee: okay.ÑiçóÑi u e&aejjiu(u to thank theñrñr jfs p.u.c.çóÑi toútsank themÑi for. iñr new Ñi appointments to that Ñi all-pow$-u1 body, but ó list ofçóÑi...
SFGTV: San Francisco Government Television
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Jan 27, 2019
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pay pg&e for the service. pg&e provides the payment to us. they are holding the funds our customers are paying to us, making payments to us through pg&e. it is a pass-through function. in the face of bankruptcy there is a concern pg&e could end up having a delay in the remittance of those dollars from them to us. even though a customer paid for the service and intended us to be paid, since it goes through pg&e we could have a delay in receiving the funds from pg&e. that is a potential impact that we are keeping an eye on and taking steps to mitigate. as mayor breed has asked us to do we look at municipalization. that has come up in the context of bankruptcy to further expand on the question you are asking. what happens to the two programs? under that scenario the heche program would explain. that program would absorb the clean power sf program customers. instead of just providing supply to the customers we would provide fully integrated services to all those in san francisco that we only provide to a portion i
pay pg&e for the service. pg&e provides the payment to us. they are holding the funds our customers are paying to us, making payments to us through pg&e. it is a pass-through function. in the face of bankruptcy there is a concern pg&e could end up having a delay in the remittance of those dollars from them to us. even though a customer paid for the service and intended us to be paid, since it goes through pg&e we could have a delay in receiving the funds from pg&e. that...
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Jan 25, 2019
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it was concluded pg&e made zero violations. >> in the back of my mind, i kind of felt like pg&e wasn't responsible. >> reporter: pg&e issued a statement saying regardless of the announcement, pg&e still fails litigation, liabilities and a deteriorating financial situation. >> it's still terrible, no matter whose fault it was. >> reporter: while this is good news for pg&e, it's unclear if this will change the company's plans for bankruptcy. they still face financial and legal challenges stemming from the 2017 and 2018 wildfires. that's the latest in santa rosa, i'm melissa colorado, nbc bay area news. >>> let's go overhead, our skyranger is in the coffey park neighborhood. this is a live look. >> down below you can see the encouraging news. plenty of new construction, a lot of new homes being built amidst t amidst the ashes but it's a long way to go before it looks anything like it did before the tubbs five. governor newsom addressed some of the questions remaining. how doings this impact pg&e in the future? >> this begs the question now what? do we anticipate pg&e will move forward as
it was concluded pg&e made zero violations. >> in the back of my mind, i kind of felt like pg&e wasn't responsible. >> reporter: pg&e issued a statement saying regardless of the announcement, pg&e still fails litigation, liabilities and a deteriorating financial situation. >> it's still terrible, no matter whose fault it was. >> reporter: while this is good news for pg&e, it's unclear if this will change the company's plans for bankruptcy. they still...
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Jan 25, 2019
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pg&e shares jumped nearly 75% today. its stock had been tanking since the utility said it was filing for bankruptcy. kpix5's wilson walker live where we now know that the tubbs fire started a home along bennett road near the town of calistoga. >> reporter: you can see the map we're showing you exactly where the tubbs fire started, at the time the most destructive fire in california history. i was in santa rosa today to get out here, had to drive out the highways that were pretty much the course of that fire. we've got video from sky drone 5. if you think about where i'm standing and where that fire went if you were to drive from d fa oseys anll tops, that fire marched from here all the way through there, eventually over 101 and then next stop, of course, is coffey park there. we all know what happened there. ... well, as they've previewed." pg&e - of course - was citing potential a one re the forensics part of this investigation now underway. what it means now that they know what started this fire, i think we're starting
pg&e shares jumped nearly 75% today. its stock had been tanking since the utility said it was filing for bankruptcy. kpix5's wilson walker live where we now know that the tubbs fire started a home along bennett road near the town of calistoga. >> reporter: you can see the map we're showing you exactly where the tubbs fire started, at the time the most destructive fire in california history. i was in santa rosa today to get out here, had to drive out the highways that were pretty much...
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Jan 25, 2019
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the tub fire was not pg&e's fault. so now what?>> i hope pg&e is not celebrating, because of this. >> tonight on a hunt for deal and the shutdown stalemate, the ideas left on the table. and a slice of highway 1 turned into a tent city. why local city leaders say they can't do anything about it. good evening i'm veronica de la cruz. tonight cal fire investigators say it was private power lines, and not pg&e that caused the deadly tub spire. investigators say the fire point of origin was on private property, a few miles north of calistoga on bennett lane. chopper number five over the 10 acre site today. cal fire says the 91 year owners private electrical equipment failed. so what does this mean for fire victims? betty yu is outside pg&e headquarters in san francisco tonight. betty, what can you tell us? >> reporter: well, veronica we know at least one lawyer prting victims tnclu t going la ains whether pg&e will still pursue bankruptcy protection. the tub spire killed 22 people and destroyed thousands of structures in napa and sonoma
the tub fire was not pg&e's fault. so now what?>> i hope pg&e is not celebrating, because of this. >> tonight on a hunt for deal and the shutdown stalemate, the ideas left on the table. and a slice of highway 1 turned into a tent city. why local city leaders say they can't do anything about it. good evening i'm veronica de la cruz. tonight cal fire investigators say it was private power lines, and not pg&e that caused the deadly tub spire. investigators say the fire...
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Jan 30, 2019
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pg&e will be pushing back hard. they have 106,000 miles of power lines running from eureka down to bakersfield. they said two inspect all that before the official start of the wildfire season, june 21, would cost of two $150 billion and they would have to increase rates of two 500% for cover the cost up. the judge wanted them to remove all hazardous trees and give a certified rating under oath. the company said they would have to cut down 100 million trees causing a widespread environmental impact. the judge also suggested that pg&e cut off power in the windstorms regardless of profit and pg&e cyst that would endanger hospitals and customers and could have fatal consequences. >> i think it is bad for us that pay the rates. this will say that pg&e will lose a lot of the contracts they have. they will have to give those up. the cost at the end of the day because we want to make sure the victims are made hold the some extent, the fire victims. >> there may be some sharing of the cost down the road. >> reporter: one oth
pg&e will be pushing back hard. they have 106,000 miles of power lines running from eureka down to bakersfield. they said two inspect all that before the official start of the wildfire season, june 21, would cost of two $150 billion and they would have to increase rates of two 500% for cover the cost up. the judge wanted them to remove all hazardous trees and give a certified rating under oath. the company said they would have to cut down 100 million trees causing a widespread environmental...
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Jan 15, 2019
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right now with pg&e's potential bankruptcy, the cpuc would only say it's closely monitoring pg&e including its leadership, financial status and legal filings. and think the cpuc is prepared to respond as appropriate. the commission is both an administrative agency and the court. in 2015 commissioners voted to investigate safety and the corporate culture of pg&e after a five-year string of safety problems including the explosion in san bruno that left eight dead and injured dozens more. last year it was found pg&e needed to do more to ensure safety of the public, its employees and contractors. still the commission approved pg&e's rate increase. and now once again, the focus is shifting to this government body as to how it will handle a potentially bankrupt utility. >> the cpuc has a $340 million budget. of that 193 million is used to regulate utilities. the commission's annual report is due to the governor by february 1. in it, we investigate to make sure the commission is holding utilities accountable. >>> people living in areas prone to wildfires are now taking preventative actions into t
right now with pg&e's potential bankruptcy, the cpuc would only say it's closely monitoring pg&e including its leadership, financial status and legal filings. and think the cpuc is prepared to respond as appropriate. the commission is both an administrative agency and the court. in 2015 commissioners voted to investigate safety and the corporate culture of pg&e after a five-year string of safety problems including the explosion in san bruno that left eight dead and injured dozens...
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Jan 22, 2019
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brockovich will join survivors of recent wildfires to highlight the impact of bankruptcy filing by pg&e on people who are trying to rebuild their lives. an appearance at the state capitol, she will call on governor newsom and the state legislature to work with pg&e, to keep the company out of bankruptcy protection. erin brockovich says if pg&e is allowed to file for bankruptcy, thousands of families across northern california would be left at the back of the line, waiting for the compensation they deserve. >>> speculation is growing that pg&e they sell its headquarters
brockovich will join survivors of recent wildfires to highlight the impact of bankruptcy filing by pg&e on people who are trying to rebuild their lives. an appearance at the state capitol, she will call on governor newsom and the state legislature to work with pg&e, to keep the company out of bankruptcy protection. erin brockovich says if pg&e is allowed to file for bankruptcy, thousands of families across northern california would be left at the back of the line, waiting for the...
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Jan 14, 2019
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& e pg&e to resolve its liabilities. file for bankruptcy around the end of this month. what it will mean for rate payers and bills we pay is unclear. but there are concerns about what it could mean for the company's employees. pg&e is one of san francisco's largest private employers. thousands of people work for the utility and the corporation. there are concerns that the company may have to sell its headquarters, this building here at mission street where it has been headquarters because of the bankruptcy proceedings. the mayor said she is instructing the utilities commission to study the short and long term impact to the city that this pg&e bankruptcy could cause. allie rasmus, ktvu news. >>> a suspected drunk driver is under arrest after officers say she led them on a chase from san francisco to pacifica then back to the city and crashed into two vehicles. police say they started getting 911 calls about 10:00 about a possible drunk driver. during the pursuit she rammed police vehicles at 19th avenue and winston drive.
& e pg&e to resolve its liabilities. file for bankruptcy around the end of this month. what it will mean for rate payers and bills we pay is unclear. but there are concerns about what it could mean for the company's employees. pg&e is one of san francisco's largest private employers. thousands of people work for the utility and the corporation. there are concerns that the company may have to sell its headquarters, this building here at mission street where it has been headquarters...
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Jan 25, 2019
01/19
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KGO
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if there had been las vegas odds, dan, for pg&e, who would have taken pg&e? it was a case of guilt by association, guilt by assumption. the decision today a surprise. on a brisk winter day without a cloud in the sky, rebuilding continued in areas consumed by the tubbs fire, which killed 22 people and destroyed more than 5,000 structures. from the beginning, many victims and observers have assumed pge to be the culprit, but not all of them. contract joel chandler lost his home. >> i know what kind of fuel we had in those mountains, and i know that everybody was concerned about having pg&e come through and cut right of ways and wouldn't let them on their land. i feel like it's everybody's fault. >> and yet it's not that simple. while the tubbs fire was the largest, it wasn't the only blaze that night, and cal fire has named pg&e the culprit in some of them. lawsuits and the tubbs fire preceded today's report, among them a case filed by sonoma county for millions of dollars in damage. chair of the sonoma county supervisors david rabbit says the cal fire report c
if there had been las vegas odds, dan, for pg&e, who would have taken pg&e? it was a case of guilt by association, guilt by assumption. the decision today a surprise. on a brisk winter day without a cloud in the sky, rebuilding continued in areas consumed by the tubbs fire, which killed 22 people and destroyed more than 5,000 structures. from the beginning, many victims and observers have assumed pge to be the culprit, but not all of them. contract joel chandler lost his home. >>...
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Jan 30, 2019
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attorney and the pg&e itself.he court hearing is set for 9 am at the federal courthouse here in san francisco. kiet do, kpix 5. >>> i am anne makovec at the live news desk. >>> it is mayor london breed first stated the city address taking place this morning at 11:30 am on valencia street. she has been dealing with a lot of issues that city hall as we take a live look over city hall with homelessness top on the agenda as she tries to find a way to fight the affordable housing as well. there's a lot of controversy on how to spend the city $185 million windfall that just came through with the property taxes. mayor breed wants to spend it on fighting homelessness and there is a big push to use that on education right now. bouncing off of what kiet do just talked about with pg&e, talking about the city taking over the power grid and providing their own power. many issues she will address at 11:00 thon the east scooter scuffle in san francisco. the appeal on the major decision made last year and spin could not prove tha
attorney and the pg&e itself.he court hearing is set for 9 am at the federal courthouse here in san francisco. kiet do, kpix 5. >>> i am anne makovec at the live news desk. >>> it is mayor london breed first stated the city address taking place this morning at 11:30 am on valencia street. she has been dealing with a lot of issues that city hall as we take a live look over city hall with homelessness top on the agenda as she tries to find a way to fight the affordable...
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Jan 14, 2019
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problems pile up for pg&e. tonight the ceo is out and employees may be warned about bankruptcy as early as tomorrow. >> the 11 p.m. news on ktvu fox 2 news starts now. >> pg&e faces billions of dollars for liability for the california wildfires. change got underway today ahead of what could be an eventful day for pg&e tomorrow. ktvu's andre senior has more now. reporter: seems like change was about to happen. all but certain but tonight the changes take f0 f0 pacific gas and electric announced geisha williams is out. ms is out. pg&e needs new leadership that is going to make sure that they get a handle in preventing these fires. and in following the rules and regulations like they are supposed to. >> reporter: executive director of the utility reform network has been a critic of pg&e. he says even with williams stepping down more people at the company need to step aside in order for them to get back on track following years of litigation and safety concerns which pushed it to the financial brink. >> the board n
problems pile up for pg&e. tonight the ceo is out and employees may be warned about bankruptcy as early as tomorrow. >> the 11 p.m. news on ktvu fox 2 news starts now. >> pg&e faces billions of dollars for liability for the california wildfires. change got underway today ahead of what could be an eventful day for pg&e tomorrow. ktvu's andre senior has more now. reporter: seems like change was about to happen. all but certain but tonight the changes take f0 f0 pacific gas...
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Jan 14, 2019
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, what pg&e does is shut them off. yet when pg&e can't pay its bills, are we customers supposed to treat it like a charity? ronald reagan mindy works for a nonprofit that advocates for lower utility rates. she says she's worried about big payouts to pg&e executives. pg&e announced sunday night that their ceo geisha williams resigned. >> we also want to make sure that customers don't pay for golden power chutes for any member of the board of directors of pg&e. >> reporter: i did speak to a bankruptcy expert tonight in san francisco who is familiar with the pg&e situation. he feels it's unusual for a ceo of a major company to resign before a potential bankruptcy. and that perhaps williams resignation is a sign that pg&e may ultimately be head nd a different direction. back to you. >>> all right. thank you very much, kate. >>> we send out the alert of developing story at 6:47 p.m. through the abc7 news ap. for updates. >>> turning to the weather we had a little bit of a break but rain is on the way. >> meteorologist drew
, what pg&e does is shut them off. yet when pg&e can't pay its bills, are we customers supposed to treat it like a charity? ronald reagan mindy works for a nonprofit that advocates for lower utility rates. she says she's worried about big payouts to pg&e executives. pg&e announced sunday night that their ceo geisha williams resigned. >> we also want to make sure that customers don't pay for golden power chutes for any member of the board of directors of pg&e. >>...
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Jan 25, 2019
01/19
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KNTV
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. >> saying pg&e is not the cause of the fire, but private equipment, not pg&e's. >> tubbs was deadliest of the fires in october of 2017, destroyed more than 5,600 structures and killed 22 people. started in calistoga. because of the vicious winds spread southwest, destroying entire neighborhoods of santa rosa. >> we have a team covering this. melissa colorado, big declaration for the company. what about for the people who lost everything? >> reporter: surprisingly many of the fire victims say this announcement doesn't change anything from them. still focused on rebuilding and hopefully moving into brand new homes in coffey park this year. >> i felt that pg&e wasn't responsible for the tubbs thing. >> reporter: hunch on the money says the cal fire investigation on the cause of the deadly tubbs fire that scorched parts of sonoma and napa counties, october of 2017. 80-page report identified cause as privately owned electrical kwoimt on a property in rural calistoga. >> we have to be 100% right. no outside influences, scientific, methodical. >> reporter: after the investigation, concluded p
. >> saying pg&e is not the cause of the fire, but private equipment, not pg&e's. >> tubbs was deadliest of the fires in october of 2017, destroyed more than 5,600 structures and killed 22 people. started in calistoga. because of the vicious winds spread southwest, destroying entire neighborhoods of santa rosa. >> we have a team covering this. melissa colorado, big declaration for the company. what about for the people who lost everything? >> reporter:...
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Jan 29, 2019
01/19
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KPIX
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pg&e has officially filed for chapter 11 bankruptcy. reporter kiet do is live in san francisco this morning at pg&e head quart are with develments. >>eporter:d morning. california's largest utility filed to chapter 11. it happened at one minute past midnight t allows pg&e to freeze its debts while also conning to serve its 16 million customers and planning for some sort of financial reorganization. that involves borrowing a lot of money at the moment. the california public utilities commission called an emergency meeting yesterday and unanimously voted to allow pg&e to borrow up to $5.5 billion. investigators are looking into whether downed power lines caused last year's fire in paradise which killed 86 people and destroyed 13,000 homes. if so, pg&e could be on the hook for billions of dollars in liabilities. the activist group the utility reform network questions the timing of this chapter 11 filing because it is happening before a court hearing tomorrow. >> you know, the message to customers is really bad here. it is that we're more c
pg&e has officially filed for chapter 11 bankruptcy. reporter kiet do is live in san francisco this morning at pg&e head quart are with develments. >>eporter:d morning. california's largest utility filed to chapter 11. it happened at one minute past midnight t allows pg&e to freeze its debts while also conning to serve its 16 million customers and planning for some sort of financial reorganization. that involves borrowing a lot of money at the moment. the california public...
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Jan 31, 2019
01/19
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KGO
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pg&e bankruptcy. find out about how this could effect you. >> a small plane crashed without ever leaving the ground. emergency crews responded to a report of a possible plane down this afternoon. they discovered the aircraft owners were working on the small plane when it was accidently started. the faa says the plane hit a car and rolled into a fence. responders contained a small fuel leak. no one was inside the plane. >> three bay area walgreens could have pharmacy licenses revoked for allowing one woman without a license to perform pharmacist duties. in fremont and san jose. according to the state board the woman handled 700,000 prescriptions. between 1999 and 2017. she no longer works there. walgreens said upon learning of the allegations it reverified the licenses of all pharmacists nationwide. >> shifting gears. you want to get umbrellas ready. the rain is coming back. let's get a quick update. it won't be long. >> it looks very impressive. just off the coastline. don't be fooled by this. all thi
pg&e bankruptcy. find out about how this could effect you. >> a small plane crashed without ever leaving the ground. emergency crews responded to a report of a possible plane down this afternoon. they discovered the aircraft owners were working on the small plane when it was accidently started. the faa says the plane hit a car and rolled into a fence. responders contained a small fuel leak. no one was inside the plane. >> three bay area walgreens could have pharmacy licenses...
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Jan 23, 2019
01/19
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KGO
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pg & e won't be out of the picture. they still deliver power to customers and handle billing and repairs. residents can opt out. in other words, they can stay with pg & e. however, city officials believe the benefit of a large scale switch is significant. it will be like removing 35,000 vehicles from the road. >> i think people are used to a message of sacrifice for the environment. en that is sort of the opposite which is that you're going to staff a little. you're doing the right thing. you just have to keep paying your bill. >> the bills are expected to be lower than pg & e's depending on the plans. the basic plan called green source is 45% renewable and 80% carbon free. it will cost a typical homeowner $109.49 per month. the comparable plan is 48 cents higher. for the 100% renewable, 100% cash on free option, the plan is $20 cheaper. the rates already stable as demand for clean energy grows. we don't see a squeeze in the market. and the other thing is that it's not a fixed pie. there are more wind plants that can be
pg & e won't be out of the picture. they still deliver power to customers and handle billing and repairs. residents can opt out. in other words, they can stay with pg & e. however, city officials believe the benefit of a large scale switch is significant. it will be like removing 35,000 vehicles from the road. >> i think people are used to a message of sacrifice for the environment. en that is sort of the opposite which is that you're going to staff a little. you're doing the...