PG&E to Delay $2 Billion in Planned Work After Wildfire Liability Legislation Failed
CEO Patti Poppe said the utility cannot fund its current transformation pace and will borrow less in 2027 to limit customer costs.
6 Articles
6 Articles
PG&E to delay $2 billion in planned work after wildfire liability legislation failed
PG&E CEO Patti Poppe says the company has reached a financial turning point, announcing a strategic review of how PG&E is organized and financed after years of rising borrowing costs tied to California's wildfire liability laws.
PG&E CEO Blasts California Wildfire Liability Rules as Utilities Face Growing Risk
Internewscast Internewscast California’s biggest utility is pausing billions of dollars in planned spending, escalating… This Post: PG&E CEO Blasts California Wildfire Liability Rules as Utilities Face Growing Risk first appeared on Internewscast
California utility CEO has meltdown at state over wildfire fiasco — with billions of dollars on the line
PG&E will defer $2 billion in planned 2027 investments as CEO Patti Poppe warns California’s wildfire liability rules are making it harder and more expensive to finance the power grid.
PG&E boss has meltdown at state over wildfire fiasco, delays billions in work: ‘Straight up extortion’
California’s largest utility is putting billions of dollars in planned investments on ice as its CEO lashes out at Sacramento over the state’s wildfire liability rules — warning that the company can no longer afford to move forward at its current pace. PG&E announced Wednesday it plans to defer…
The Sacramento Bee – PG&E CEO: Company reducing work after lack of action by California Legislature
By Stephen Hobbs, THE SACRAMENTO BEE https://www.sacbee.com/news/politics-government/capitol-alert/article317102668.html Pacific Gas and Electric Co., the major California utility, announced Wednesday that it was deferring billions of dollars...
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