Pacific Gas & Electric (PG&E), California’s largest utility, is exploring the possibility of selling off a major part of the company, according to a new report. Thanks to the massive liability costs that they could be facing for their possible culpability in recent deadly wildfires, PG&E has a strategic plan called “Project Falcon” to cover costs and avoid bankruptcy. This plan would involve the company selling its natural gas division and then using the proceeds to pay the potential millions of dollars in claims from the wildfires. Anonymous sources recently told NPR that PG&E is also looking at selling critical real estate assets— like the company’s San Francisco headquarters. Last Friday the utility announced that they would explore “structural options” to put the company in the best possible position to meet customer needs and operational demands.
Californias Largest Utility Company Plans Massive Sale Of Natural Gas Division
Perry Miller, Inhabitat
Wed, 01/09/2019 - 10:30am
Sections: living
BING NEWS:
- A plan to change your utility rates is dividing California environmentalists. Here’s why
Biggest losers would be middle income households who just miss the cut-off for a discount. The biggest winners would be the biggest users.
04/22/2024 - 3:28 am | View Link - Investigators say utility company to blame for state's largest wildfire that caused significant damage: 'We keep seeing the same pattern'
"It's become universal because the issues they face are universal." Investigators say utility company to blame for state's largest wildfire that caused significant damage: 'We keep seeing the same ...
04/18/2024 - 11:30 pm | View Link - EV Slowdown: Trend or Blip?
If slowing EV production makes long-term sense. The power demands of artificial intelligence. Motley Fool contributor Matt Frankel and host Ricky Mulvey take a look at insurance tech company Lemonade ...
04/9/2024 - 7:06 pm | View Link - Total crypto users likely to reach 1 billion by 2030: BCG Report
Although institutional interest in crypto assets is growing, individual investors are currently the largest holders of crypto assets ... In contrast, McKinsey & Company reported that the Metaverse ...
04/6/2024 - 9:40 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more