"This is an important milestone, but our work is far from over," Smith said. What would the bill do? The troubled company sought Chapter 11 bankruptcy protection in January after severe wildfires in 2017 and 2018 resulted in more than $30 billion in liabilities. The second bill would create a new entity called the California Catastrophe Response Council to oversee the administrator of the wildfire fund. “Borat” star Sacha Baron Cohen said on “Good Morning America” that he was concerned for actress Maria Bakalova during her scene with Rudy Giuliani. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation's cleanest energy to nearly 16 million people in Northern and Central California. PG&E’s participation must be confirmed through the courts and its initial $4.8-billion contribution would not be due until the bankruptcy process concludes, while the other utilities must make their payments by Sept. 10. The initial contribution would be payable after PG&E emerges from Chapter 11 reorganization, the company said. For their $10.5 billion, the utilities are allowed to tap into the fund to pay wildfire damages that exceed insurance coverage. Interim Chief Executive Officer Bill Smith said in a press release that emerging from bankruptcy is the utility company's first step to be able to repay wildfire survivors. Gavin Newsom and California politics in Sacramento for the Los Angeles Times. Of the 3,600 new coronavirus infections reported in L.A. County on Thursday, officials said roughly 2,000 were from a backlog of tests. "We feel strongly that helping these communities in their time of need is the right thing to do and appreciate the court's decision.". It’s important to see progress on limiting fires.”. “California’s ever-growing risk of wildfire is a reality we must face squarely, and a matter of deep concern to all of us who call this place home. He was previously the casino industry reporter for the Las Vegas Sun. Under the legislation, California’s investor-owned utilities are required to agree to put a combined $5 billion for improving their electrical grids to access the fund. The browser you’re using is not supported by pge.com. — Payments from the Wildfire Assistance Program (WAP) funded by Pacific Gas and Electric Company (PG&E) have begun to be delivered to people displaced by the 2017 Northern California wildfires and 2018 Camp fire. PG&E also has committed to slicing up its sprawling territory into regional units to be more responsive to the different needs of the 16 million people who rely on it for power. Notifications can be turned off anytime in the browser settings. PG&E has taken several actions to mitigate the risk of fires in its electrical territory — a swath of land that stretches from Humboldt County south through Santa Barbara — after its equipment was found to have likely sparked the Camp fire last year. How likely is the bill to pass? The last time the company emerged from bankruptcy, in 2004, electricity rates soared and management focused even more on boosting profits instead of upgrading its power supply. PG&E workers disassemble broken power lines after the Camp fire ripped through Paradise, Calif., on Nov. 15, 2018. Aguirre said the court will make a decision on the injunction in the next two months. While PG&E could still seek to modify those PPAs to reduce its costs and pay back creditors, that could put it in the position of being unable to access the new wildfire fund. The state gave the utilities until Friday to signal their intent to participate in the fund. Email: jd.morris@sfchronicle.com Twitter: @thejdmorris. Earlier this month, California Governor Gavin Newsom signed a bill to create a $21 billion fund to help bankrupt PG&E and other investor-owned power companies in the state to cover liabilities from future wildfires caused by their equipment. PAGE NAME: about/newsroom/newsdetails/index, Corporate Responsibility and Sustainability Report, By going solar, you can offset more than a pound of CO. A look at California’s November ballot propositions. What issues are on the ballot in California and Los Angeles County. Racial disparities in LAPD stops fueled by failed crime-fighting strategy, audit finds, An independent review of stops conducted by LAPD officers last year found that racial disparities previously identified in a Times investigation were in part the result of failed strategies to use traffic and minor violations “as a pretext to identify or suppress more serious crimes.”, Arcadia, a WWII incarceration site, names its first police chief of Japanese descent, Arcadia announced that 28-year veteran Capt. California's three largest investor-owned utilities have agreed to pay $10.5 billion into a new wildfire fund signed into law by Gov.

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