Log in



Lost your password?
  • FREE TRIAL
  • ABOUT
    • About EnerKnol
    • Company News
    • Careers at EnerKnol
    • Press
  • PRODUCT
    • About the EnerKnol Platform
    • Why EnerKnol
    • Source Coverage
    • Get Access to the EnerKnol Platform
  • ANALYST RESEARCH
    • Renewables
    • Environmental Markets
    • Fossil Fuels
    • Power & Utilities
    • View All Research
    • Get EnerKnol Research
  • EVENTS
    • EnerKnol Calendar
    • New York Energy Week
  • NEWS
  • SUBSCRIBE
MENU
Login

Access the EnerKnol platform

EnerKnol
EnerKnol is the leading provider of regulatory data, analytics, and tracking software for North American energy markets
EnerKnol
  • FREE TRIAL
  • ABOUT
    • About EnerKnol
    • Company News
    • Careers at EnerKnol
    • Press
  • PRODUCT
    • About the EnerKnol Platform
    • Why EnerKnol
    • Source Coverage
    • Get Access to the EnerKnol Platform
  • ANALYST RESEARCH
    • Renewables
    • Environmental Markets
    • Fossil Fuels
    • Power & Utilities
    • View All Research
    • Get EnerKnol Research
  • EVENTS
    • EnerKnol Calendar
    • New York Energy Week
  • NEWS
  • SUBSCRIBE
Search:
Cal Fire Clears PG&E of 2017 Tubbs Fire Amid Bankruptcy Crisis

The California Department of Forestry and Fire Protection determined that a private electrical system caused the Tubbs Fire in 2017 in Northern California’s Sonoma County, and not Pacific Gas & Electric Company, which had been under scrutiny for the possible involvement of its equipment in sparking the fires, according to a Jan. 24 news release. The agency said it did not identify any violations of state law related to the Tubbs Fire. The announcement comes as PG&E is preparing to reorganize under Chapter 11 of the U.S. bankruptcy code as it faces billions of dollars in potential liability resulting from the 2017 and 2018 Northern California wildfires.

PG&E said that it still “faces extensive litigation, significant potential liabilities and a deteriorating financial situation,“ as well as credit agency downgrades to below investment grade. The utility said that resolving the issues stemming from wildfires over the last two years will be “enormously complex,” involving thousands of wildfire victims and others who have made claims or are expected to make claims.

The utility announced on Jan. 14 that it will file bankruptcy petitions on or about Jan. 29, as a viable means to facilitate expedited resolution and assure access to the capital and resources required for ongoing operations. Democratic Governor Gavin Newsom said he has been monitoring the impact of the company’s liability, and is committed to work with the legislature and stakeholders on a solution that ensures reliable service for consumers and fair treatment of fire victims.

The company has been facing scrutiny from regulators and lawmakers following last November’s Camp Fire in Butte County, the deadliest in California’s history. PG&E said it is in discussions with lenders to secure about $5.5 billion in debtor-in-possession financing to help it operate as it seeks bankruptcy protection.

NextEra Energy Inc. and NextEra Energy Partners L.P on Jan. 18 asked the Federal Energy Regulatory Commission to order that PG&E may not reject its wholesale contracts in bankruptcy without the federal regulator’s approval.

January 28, 2019
Share
TweetShare on Twitter Share on FacebookShare on Facebook Share on LinkedInShare on LinkedIn

Post navigation

PreviousPrevious post:U.S. to Become Net Energy Exporter for First Time in Seven Decades: EIANextNext post:Tenaska Receives Approval for 260MW Nobles 2 Wind Farm in Southwestern Minnesota

Related Research

Week Ahead: Federal Offshore Oil and Gas Leasing, ME Examines Gas Utility Planning, CO’s Clean Heat Targets
June 12, 2025
U.S. LNG Exports Rose by 58 Percent in First Half of 2018 as Export Facilities Expand
Japan’s JERA Finalizes Long-Term Deals to Buy 5.5 Million Tons Per Year of U.S. LNG
June 12, 2025
washington WA ECY
Washington’s Carbon Auction Proceeds Surpass $3 Billion
June 12, 2025
Massachusetts Begins Process for Second Offshore Wind Solicitation of Up To 800 Megawatts
Atlantic Shores Seeks Termination of 1.5-Gigawatt Offshore Wind Contract Amid Federal Permitting Delays
June 11, 2025
California Regulator Clears 175 Megawatts of Energy Storage Contracts for Resource Adequacy, Distribution Deferral
Amazon Unveils $20 Billion Data Center Investment in Pennsylvania to Boost AI and Cloud Infrastructure
June 10, 2025
energy production
U.S. Energy Production Reached a Record High During 2024: EIA
June 10, 2025
gulf of america oil and gas
Gulf Oil and Gas Output to Remain Stable Through 2026: EIA
June 9, 2025
EnerKnol Research PU Visual Primer Energy Storage 2025 06 10 Blog preview
U.S. States Advance Strategic Initiatives Toward Achieving Long-Term Energy Storage Goals
June 9, 2025
  • Renewables
    • Biofuels
    • Electric Vehicles
    • Hydropower
    • Nuclear Power
    • Solar Power
    • Wind Power
  • Environmental Markets
    • Carbon Markets
    • Emissions
  • Fossil Fuels
    • Coal Power
    • Natural Gas
    • Oil
  • Power & Utilities
    • Energy Efficiency
    • Energy Storage
    • Retail Power & Gas
    • Smart Grid
    • Wholesale Markets

Subscribe To Our Research Newsletter!


First Name *
Last Name *
Email Address *
Phone *
Company *
Job Title *
Select any sectors you're interested in

Submit Form
EnerKnol
Copyright (C) EnerKnol, Inc. | 175 Greenwich Street, FL-38 New York, NY 10007 | (212) 537-4797 | sales@enerknol.com | Terms & Conditions       Visit EnerKnol on YouTube  Visit EnerKnol on Facebook  Visit EnerKnol on Twitter  Visit EnerKnol on LinkedIn