The embattled California utility registered the best session since October.
Pacific Gas and Electric says it has reached a $13.5 billion settlement that will resolve all major claims related to devastating wildfires blamed on its outdated equipment and negligence.
The new law provides protection homeowners in the wildfire-plagued state say they are being pushed out of the commercial insurance market
Pai said power companies did not share info with telecom companies.
Newsom accused the company of trying to preserve value for its shareholders instead of shoring up its cash and equipment.
Shares of the company rose about 13 percent to $9.62.
PG&E Corp. failed to adequately inspect and maintain its transmission lines for years before a faulty line started the deadliest fire in California history, a state investigation has found.
Downed trees and branches would have likely triggered sparking on power lines 190 times if not for power shutoffs, PG&E says.
Tentative ruling leaves open the question of whether it is fair for insurers to get cash, while fire victims get PG&E stock.
Officials say thousands of Southern California residents have fled their homes because of a wildfire burning in mountains near Santa Barbara.
Power expected to be restored Thursday.
No details were immediately provided as to how many people lost electricity, but the shut-offs are expected to affect 375,000 people and last into Thursday.
The shutoff will affect some 375,000 people.
California regulators voted unanimously to investigate PG&E over multiple planned power shutoff events last month.
Utility says that shutoffs last month successfully prevented potential ignitions.
It’s a story of climate change, a housing crisis and an aging power system that, like much of the U.S. infrastructure, has fallen into disrepair.
Regulators and Democratic Gov. Gavin Newsom have expressed concern that the utility is not using the shut-offs as a last resort.
It's described as "a classic California pale ale, featuring Cashmere and Simcoe hops and a touch of malt sweetness."
California Gov. Gavin Newsom is stepping up pressure on Pacific Gas & Electric to fork over billions more in cash to pay thousands of people who lost homes in wildfires that drove the utility into bankruptcy.
Some California lawmakers have returned donations from PG&E.