Here Are Photos of Some of the Dilapidated Equipment San Francisco Wants to Buy from Bankrupt PG&E for $2.5 billion by Wolf Richter • Sep 9, 2019 • 148 Comments Californians have had it with PG&E, a convicted felon infamous for sacrificing safety, maintenance, reliability, and people to enhance “shareholder value.” But is San Francisco overpaying? Take a look.
Prepping for Bankruptcy, PG&E Secures $5.5 Billion in “Debtor-in-Possession” Financing. What is “DIP” Financing? by Wolf Richter • Jan 22, 2019 • 77 Comments Here’s how a soon-to-be bankrupt company that’ll default on all its debts can still borrow $5.5 billion.
Bankruptcy Next, PG&E Says. Shares Down 90% in 15 Months. From “Investment Grade” to “Default” in Three Weeks? by Wolf Richter • Jan 14, 2019 • 89 Comments California’s rate payers & taxpayers likely on the hook, as we know from PG&E’s first bankruptcy in 2001.
Will PG&E Have to File for Bankruptcy Protection? by Leonard Hyman and Willian Tilles • Nov 14, 2018 • 60 Comments For investors there is little clarity through the smoke and haze.
PG&E Suspends Dividends, “Uncertainty Related to Causes” of Bay Area Wildfires. Shares Plunge Further by Wolf Richter • Dec 21, 2017 • 77 Comments California utility goes for “cash conservation.” Investors, not just rate payers, to foot the bill.
Happy New Year Californians: US Largest Utility Jacks up Rates the Most since 2006 Despite Collapse of Natural Gas Prices by Wolf Richter • Jan 1, 2016 • 36 Comments The power of monopoly and regulatory capture.
