BREAKING NEWS Butte County removed from PG&E's list for possible power outages Full Story
STREAMING NOW: Watch Now

California governor wants to grill PG&E about financing plan

Pacific Gas and Electric's plan to emerge from bankruptcy is facing another threat from California' Gov. Gavin Newsom as they two sides head toward a potentially dramatic showdown.

Posted: Feb 12, 2020 8:44 AM

SAN FRANCISCO (AP) - Pacific Gas and Electric's plan to emerge from bankruptcy is facing another threat from California' Gov. Gavin Newsom as they two sides head toward a potentially dramatic showdown.

Newsom's lawyers told U.S. Bankruptcy Judge Dennis Montali on Tuesday that they want to grill PG&E about the company's plans to borrow billions of dollars and sell more stock to help pay the $13.5 billion owed to more than 75,000 victims of catastrophic wildfire's ignited by the utility's equipment.

The judge reaffirmed the terms of the settlement Tuesday.

PG&E also needs to raise money to cover a $12 billion bill owed to insurers and government agencies.

Chico
Clear
57° wxIcon
Hi: 91° Lo: 61°
Feels Like: 57°
Oroville
Clear
61° wxIcon
Hi: 93° Lo: 63°
Feels Like: 61°
Paradise
Clear
57° wxIcon
Hi: 88° Lo: 56°
Feels Like: 57°
Chester
Clear
67° wxIcon
Hi: 68° Lo: 35°
Feels Like: 67°
Red Bluff
Clear
67° wxIcon
Hi: 90° Lo: 56°
Feels Like: 67°
Willows
Clear
57° wxIcon
Hi: 92° Lo: 55°
Feels Like: 57°
Dry conditions, warmer temperatures, and gusty north winds will drive high fire danger and a Red Flag Warning across most of northern California Monday. Winds will diminish and temperatures will warm up on Tuesday. We'll stay dry and heat up later this week. Cooler temperatures then return for your weekend.
KHSL Severe
KHSL Radar
KHSL Temperatures

Community Events