Talk:Pacific Gas and Electric Company
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2019 bankruptcy - Chronology[edit]
This section was moved from Camp Fire (2018)#PG&E bankruptcy, so this narrative focuses on the point of view of the wildfire victims. However, there are narratives from other points of view, including:
- efforts of California Governor Gavin Newsom and the California Public Utilities Commission (CPUC) to overhaul PG&E's board and operations to help prevent future wildfires
- California state wildfire insurance fund established by AB 1054 that helps utilities pay for future wildfire claims
- California state indemnification policy for utilities
- viewpoint of the investment community
- viewpoint of insolvency professionals such as bankruptcy judges, lawyers, and accountants
Perhaps this subject deserves its own article, being notable because this bankruptcy was the largest utility bankruptcy in U.S. history,[1] and was one of the most complex in U.S. history.[2]
Obankston (talk) 08:32, 26 July 2020 (UTC)
References
- ^ Chediak, Mark; Church, Steven (September 10, 2019). "PG&E's Plan to Cap Fire Liabilities at $18 Billion Draws Ire". Bloomberg News.
- ^ "PG&E reaches bankruptcy deal with California governor". CNBC. March 20, 2020.
- @Obankston: A split would be nice per WP:TOOBIG. This page is quite hefty to read at 60 kB of readable prose size. ◢ Ganbaruby! (Say hi!) 08:29, 21 July 2020 (UTC)
- Support split: I agree with the split, its a big article, and I agree, it seems noteworthy on its own; definitely LOTS of major news coverage.
- Also, CA has a very unusual indemnification policy for utilities; it is partly covered in this article: (Pacific_Gas_and_Electric_Company#Liability) with better coverage in the 2019_California_power_shutoffs#Legal_setting article. I have it on my list to rewrite those two into one identical paragraph while keeping all sources, but haven't yet done that. That paragraph could also be part of the bankruptcy article...really I'm not sure where it belongs, but it is well-sourced information that I believe is valuable to people's understanding of the subject of fire (and other) liability.
- The wildfire trust fund could also be mentioned as part of the bankruptcy, since that is what gave the Jun 30 deadline. ---Avatar317(talk) 23:52, 21 July 2020 (UTC)
What facts pertain to PG&E the company vs the corporation vs both is unclear[edit]
The title of this page is "Pacific Gas and Electric Company" but the sidebar info is for "PG&E Corporation". There is no page dedicated to "PG&E Corporation". Compare this with another IOU "Southern California Edison" which clearly states it is a subsidiary of "Edison International". The page abbreviates "Pacific Gas and Electric Company" as PG&E leading the reader to assume that every fact about PG&E relates to "Pacific Gas and Electric Company" not "PG&E Corporation".
For example: "In December 2011, the non-partisan organization Public Campaign criticized PG&E for spending $79 million on lobbying and not paying any taxes ..." is referring to PG&E Corporation not "Pacific Gas and Electric Company".
I came here after hearing about the $50M bonus for the CEO of PG&E Corporation. Recalling the regulated utility was a subsidiary of the Corp and I wanted to know more about those details. I.e. does the utility own the transmission lines or the corp?
I would like to suggest using the terminology from the latest bankruptcy (https://restructuring.ra.kroll.com/pge/). Referring to the entities as either PG&E Corporation ("PG&E Corp."), Pacific Gas and Electric Company (the "Utility"; or together with PG&E Corp. as "PG&E"). Depending on what the facts or narrative applies to. Pastel Abyss (talk) 04:12, 26 December 2022 (UTC)
- I did some searching, and I have not found any sources distinguishing between the Corporation (holding company) and the Company. It is possible that the only subsidiary of the Corporation is the Company, and that it is a holding company as a sort of legal shield for shareholders, or other legal distinction. I haven't found any sources that talk about what other entities the Corporation owns OTHER than the Company. And this status may have changed over the years. We need a recent (post 2020 bankruptcy) source which outlines these differences, but I haven't been able to find one. ---Avatar317(talk) 23:48, 28 December 2022 (UTC)
pipeline map[edit]
what sources of information are available to the person who would try to produce a good-enough approximation of the (presumably) proprietary actual pipeline map of PG&E? diameter of pipe, when built, who built the tubes, specs of compressors and so on?
came here to learn about it, but no luck. Nowakki (talk) 22:56, 2 March 2023 (UTC)
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