The company has about $1.5 billion in cash heading into bankruptcy and is negotiating with lenders to get about $5.5 billion more in debtor-in-possession financing to stay in business and continue providing power and gas to millions of Californians, according to Reuters.
The CEO of Pacific Gas and Electric resigned Sunday and employees could learn this week if the utility will declare insolvency while facing billions of dollars in liability over its role in recent Californiawildfires.
PG&E Corp. stated that it aimed to file to reorganize under chapter 11 on or around January 29.
PG&E's general counsel John Simon will serve as interim CEO until the board of directors finds a new head. Still, the utility vowed to provide "safe natural gas and electric service to customers." . The California Public Utilities Commission is considering breaking up the power company.
Lil Uzi Vert Says He’s Quitting Music
Hopefully, Uzi isn't actually serious about quitting music and we could expect the rapper's project to drop sometime this quarter. Lil Uzi also got a solo Grammy nod a year ago for Best New Artist, losing out to Alessia Cara.
"While we are making progress as a company in safety and other areas, the board recognizes the tremendous challenges PG&E continues to face", PG&E Chairman Richard Kelly said Sunday. A notice does not necessarily mean that PG&E is filing for Chapter 11 protection, but signals that the utility may be considering bankruptcy as a way of coping with an estimated$30 billion in liabilities for fires that took place in 2017 and 2018.
The 150-year-old company said: "We recognise that the devastating and unprecedented Northern California wildfires of 2017 and 2018 have had a profound impact on our customers and their communities". It is the deadliest and most destructive wildfire to have occurred in the state. Three months later, however, the utility's equipment again was being looked at as a possible source of the Camp Fire, which killed 86 people and destroyed the town of Paradise.
PG&E could be on the hook for tens of billions of dollars for its potential role in California's devastating Camp Fire previous year - the deadliest and most destructive wildfire in the state's history.
Pratt, 39, revealed on Instagram that Schwarzenegger, the 29-year-old daughter of Arnold Schwarzenegger , accepted his proposal. Kennedy; the mum of her mum, journalist Maria Shriver , is the former United States president's little sister.
Kingdom Heart 3 which is set to be launch officially on January 29 , and will have a hidden ending just after its Launch. If that's not exciting enough for you, Square Enix made the game's post-launch free update schedule known today.
Really, that's Brady, a five-time Super Bowl champion and three-time NFL MVP, embracing the role of underdog. He put on a vintage performance, completing 34 of 44 passes for 343 yards and one touchdown.
News of the layoffs first surfaced from the LA Times , which received a copy of the email sent to employees by Shotwell. However, just a day after the announcement, SpaceX said it must lay off 10 percent of its more than 6,000 employees.
He needs to get that form back and the day he does that, I don't think we will need to worry a lot about the middle order. However, he reiterated that they need to execute the skills to perfection under pressure.
This time the laboratory is stripping him of his remaining honorary titles , including honorary trustee and chancellor emeritus. The remarks are the latest in a series of racist and homophobic statements that have tainted Watson's career, CNN reported .
The former world number one was far from ideal , committing three double faults and eight unforced errors. American fifth seed Sloane Stephens and five-time major victor Maria Sharapova are also in action.
With the Spurs up 130-128, Belinelli had the ball stolen at midcourt, leading to a tying layup by Grant with 5.6 seconds left. Dwyane Wade came up clutch down the stretch as he led the Heat with 19 points on 8-for-12 shooting to get Miami back to.500.
Southwest Virginia could see up to 6 inches of snow and Baltimore and western Maryland could receive 3 to 7 inches of snow. To report weather-related road issues, go to https://my.vdot.virginia.gov/ or call 800-FOR-ROADS.
And the trio are also expected to come pre-installed with Android 9 Pie running on top of Samsung's new One UI software skin. However, a report claimed that Samsung will also unveil its much-awaited foldable smartphone at the event.
Jake Patterson had, as it turns out, worked at the same turkey processing plant, but only for a single day three years ago. Sunday night, his public defenders Charles Glynn and Richard Jones met with Patterson and afterward talked with the media.
If yes, then let us know about your reactions. "It's a surreal feeling that audience has accepted our film with open arms". Uri: The Surgical Strike is based on the surgical strikes which were carried out by the Indian army in 2016.
'Roma' Is The Big Winner At Critics' Choice Awards
Maisel" took the Best Comedy Series award, with its star Rachel Brosnahan winning in the Best Actress in a Comedy Series category. However, other fans were excited that both actresses were recognized.
Klitschko May Return To Face Whyte At Wembley
There's middle ground, there's OK ground and there's way, way, way off. "I know exactly what to do". Bunce told the BBC 5 Live Boxing Podcast: "I still fancy Joshua fights Miller in America".
De Minaur defeats Seppi to clinch Sydney International
Kvitova prevailed despite her serve being broken six times in the match but she finished with 31 winners to Barty's 23. She beat world No.1 Simona Halep, No.9 Kiki Bertens and No.12 Elise Mertens on her way to the final.
Pompeo urges Gulf states to end Qatar boycott
Washington's call for regional unity is clouded by its relations with Saudi Arabia since the murder of Khashoggi in early October. A bipartisan resolution approved by the US Senate last month also held the crown prince responsible for the killing.
Duchess Meghan's female bodyguard latest to leave her side
Meghan's personal assistant Melissa Touabti also announced in December after a similarly short period of time, just six months. It was clear it was a decision she hadn't taken lightly.' A royal source denied any sort of personality clash with Meghan .
Samsung shows off the new Galaxy M, its first notched phone
On the government's move to tighten norms for e-commerce companies, Warsi said Samsung will continue to conform with the laws. In the third quarter of 2018, Samsung held a market share of 23 per cent and had to settle for a number two spot.
Gdansk Mayor Pawel Adamowicz Stabbed at Charity Event
Police said the suspect was a 27-year-old who was recently released from prison where he had served a term for bank robberies. Adamowicz, 53, was part of the democratic opposition formed in Gdansk under the leadership of Lech Walesa during the 1980s.
Game of Thrones 8 official teaser and premiere date is out
The release of the teaser coincides with confirmation of April 14 as the date for the final season of the hugely popular show. They each hear the voices of Lyanna Stark, Catelyn Stark and Ned Stark, as they pass statues honoring the late family members.