California utilities regulators are bringing down “return on equity” payments to power company shareholders, resulting in the lowest profit margin in 20 years for PG&E.
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Excessive Profits Are Behind Big PG&E Rate Increases
Public utilities can bill directly for hundreds of millions of dollars in shareholder returns despite being in what critics call a lower-risk business.
California Regulators OK Double-digit PG&E Rate Increases
The utility said the rate hike will bolster the safety and reliability of its services.
SJ Engineer Accused by Feds of Exploding Bombs at PG&E Sites in San Jose
Before his arrest in March, Peter Karasev was allegedly making and trying out homemade explosives, as well as producing methamphetamine in his home.
PG&E Joins Proposal to Set Utility Rates Based on Income
California’s electric rates are among the highest in the country, but the three biggest power companies say low-income customers will save money under their proposed plan. Critics doubt it will work.
Neighborhood Surveillance Cams Helped Cops Nab PG&E Bombing Suspect
A three-month investigation ended last week when police arrested Peter Karasev, 36, on suspicion of bombing transformers on Thornwood Drive in December and on Snell Avenue in January.
San Jose Police Arrest Man They Say Used Explosives to Damage PG&E Transformers
Peter Karasav, 35, was arrested in the 600 block of Potomac Court morning of March 2 and investigators said they found explosive materials and possible narcotics activity at a home there.
Liccardo Tells PG&E to Repair Ailing Infrastructure or City Will Go to Court
San Jose will seek legal action if the utility doesn't replace or repair its failing infrastructure after more than 30,000 households and three hospitals experienced power outages this week.
California Gives PG&E Approval to Bill Customers for Wildfires
California grants a safety certificate to PG&E just after the utility came off probation for the deadly 2010 San Bruno pipeline explosion.
California Fines PG&E $106M for 2019 Shutdown Safety Violations
Most of the fine will be paid as credits on customer utility bills.
PG&E Slapped with ‘Enhanced Oversight’ for Vegetation Management Modeling Problems
The order requires, among other things, for PG&E to submit within 90 days a “corrective action plan."
Whack and Stack: PG&E’s Toppling of Trees to Prevent Fire Creates New Hazards
In an attempt to prevent wildfires, the utility company is removing vegetation from around power lines.
PG&E to Cut Power for 2,000 Customers in Santa Clara County
Residents living east of Milpitas near the Calaveras Reservoir are expected to lose power at 8pm.
San Jose Mayor Accuses PG&E of Deflecting Blame for Outages
PG&E said blackouts would last just a few hours, but many San Jose residents said they were left without power for much longer than that.
PG&E Bankruptcy Deal Nears Crucial June 30 Deadline
Some critics are calling for specific changes in the plan, especially tighter rules for oversight of finances and safety upgrades.
Gov. Gavin Newsom Supports PG&E’s Bankruptcy Exit Plan
Additionally, the utility will appoint a “chief transition officer” and begin a process to sell the company, according to recent news reports.
