Weather & Natural Disasters Wildfires

  • Jan 17- Fitch Ratings said on Thursday power company PG&E Corp's planned bankruptcy will not at this point hurt the credit quality of California. Inverse condemnation is an old California rule that exposes the state's utilities to liabilities from wildfires regardless of their negligence, as long as their equipment is involved. BlueMountain said nearly two...

  • A woman carries an umbrella while crossing a street in San Francisco, Tuesday, Jan. 15, 2019.

    Another Pacific storm was set to hit California on Wednesday, bringing a threat of mudslides to the site of the deadliest wildfire in state history and a rare blizzard warning in the Sierra Nevada.

  • Jan 15- Shares in California power company PG&E fell sharply for a second day on Tuesday as investors took fright at the prospect of bankruptcy proceedings to protect from $30 billion in potential liabilities related to wildfires in 2017 and 2018.. California politicians are in a quandary over whether to offer a bailout or risk allowing the state's largest...

  • Pacific Gas and Electric (PG&E) crews repair power lines that were destroyed by the Camp Fire on November 21, 2018 in Paradise, California.

    The announcement by the nation's largest utility that it is filing for bankruptcy puts Pacific Gas & Electric's problems squarely in the hands of Gov. Gavin Newsom and state lawmakers.

  • Jan 15- PG&E Corp's chances of emerging from bankruptcy proceedings hinge in part on an arcane California legal rule that threatens to keep the utility owner perpetually on the hook for liabilities from catastrophic wildfires even beyond the more than $30 billion the company expects to face from recent blazes. The doctrine, known as "inverse condemnation,"...

  • Jan 14- PG&E Corp, owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California's catastrophic wildfires in 2017 and 2018.. PG&E, which provides electricity and natural gas to 16 million customers in...

  • PG&E, which provides electricity and natural gas to 16 million customers in northern and central California, faces widespread litigation, government investigations and liabilities that could potentially exceed $30 billion due to the fires, the company said. The most recent fire last November killed at least 86 people in the deadliest and most destructive...

  • PG&E, the biggest power company in the United States with customers, said it planned to file for bankruptcy protection around Jan. 29, and was giving a 15- day notice to employees to comply with California law. PG&E is reeling from the November Camp fire that swept through the California mountain community of Paradise and killed at least 86 people in the deadliest...

  • A PG&E worker attempts to clear a fallen utility pole from Pentz Road in Paradise, Calif., after it was felled by the Camp Fire, Thursday, November 8, 2018.

    PG&E craters after it said it will file for bankruptcy protection amid financial anguish stemming from its role in California's devastating wildfires.

  • Jan 13- PG&E Corp Chief Executive Geisha Williams has stepped down, the company said on Sunday, as pressure from potentially crushing liabilities linked to catastrophic wildfires have pushed the California utility owner to the financial brink and prompted it to make bankruptcy preparations. Williams, who took the helm of the provider of electricity and...

  • Jan 13- PG&E Corp is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are intensifying in the wake of potentially staggering liabilities from deadly wildfires, sources said on Sunday. The California utility owner is in touch with large...

  • SAN FRANCISCO, Jan 9- A U.S. judge on Wednesday proposed restricting utility PG&E Corp from using power lines deemed to be unsafe during high winds in the 2019 California fire season, adding another complication for the California utility as it faces billions of dollars in wildfire liabilities. District Judge William Alsup in San Francisco also proposed that...

  • SAN FRANCISCO, Jan 9- A U.S. judge on Wednesday proposed restricting utility PG&E from using power lines deemed to be unsafe during high winds in the 2019 California fire season, adding another complication for the California utility as it faces billions of dollars in wildfire liabilities. District Judge William Alsup in San Francisco also proposed that PG&E...

  • LOS ANGELES, Dec 12- Insurance claims from the recent spate of California wildfires, including one ranked as the most deadly and destructive in state history, have topped $9 billion and are expected to grow, the state insurance commissioner reported on Wednesday. The claims, so far, fall short of the record $12 billion in wildfire-related insured losses...

  • LOS ANGELES, Dec 12- Insurance claims from the recent spate of California wildfires, including one ranked as the most deadly and destructive in state history, have topped $9 billion and are expected to grow, the state insurance commissioner reported on Wednesday. The Camp Fire, which erupted on Nov. 8 and quickly incinerated most of the Sierra foothills town of...

  • The Santa Monica Mountains are seen left blackened by the Woolsey Fire near Malibu, California on November 14, 2018. 

    More rain is on the way for northern California, helping firefighters extinguish the last of the wildfires, but increasing the risk of landslides in the scorched Sierra Nevada foothills.

  • An aerial view of Paradise, California off of Clark Road on Nov. 15, 2018. The Camp Fire has burned more than 7,000 structures in Paradise. 

    The first significant rain in months in northern California helped firefighters battle the deadliest wildfire in the state's history on Wednesday, but raised the risks of flash flooding that could hinder teams searching for human remains.  

  • Members of the California Army National Guard take a break at they search burned homes for human remains at the Camp Fire, Thursday, Nov. 15, 2018, in Paradise, Calif. 

    Heavy rains are forecast to begin in northern California, where they are likely to hinder search teams sifting through ash and rubble for the remains of victims of the deadliest wildfire in the state's history.

  • Archaeology students from the University of Nevada, Reno's Human Identification Laboratory, help search for victims of the Camp Fire with a county law enforcement officer on Sunday, November 11, 2018, in a mobile home park in Paradise, Calif. 

    With 79 people killed in the nation's deadliest wildfire in at least a century, there are still nearly 700 names on the list of those unaccounted for. 

  • An aerial view of Paradise, California off of Clark Road on Nov. 15, 2018. The Camp Fire has burned more than 7,000 structures in Paradise. 

    Risk modeling firm RMS said on Monday that it estimated insured losses from the Camp and Woolsey wildfires, which ravaged California, between $9 billion and $13 billion.