Embattled California utility PG&E and Tesla broke ground in Monterey County, California, last week.
This marks the end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California
The company said that it expects to emerge from bankruptcy in July.
Pacific Gas & Electric on Thursday was fined $4 million for the deaths of 84 people killed in a nightmarish Northern California wildfire ignited by its long-neglected electrical grid. The sentencing comes as the nation's largest utility prepares to end a 17-month bankruptcy proceeding triggered by the catastrophe.
Pacific Gas & Electric has confessed to killing 84 people in a devastating 2018 wildfire that wiped out the Northern California town of Paradise in November 2018.
The fire killed 85 people, but prosecutors weren't certain they could prove PG&E was responsible for one of the deaths
Pacific Gas and Electric on Wednesday announced the latest overhaul of its board of directors in another step toward the nation's largest utility ending its bankruptcy.
California utility PG&E Corp is preparing an $11 billion debt-financing package as it prepares to exit from its bankruptcy, an investor involved with the company's funding plan said on Friday, sending its shares up more than 12 percent
Pacific Gas & Electric's proposal to pay $25.5 billion for a series of deadly Northern California wildfires ignited by its equipment faced a final barrage of resistance from critics Thursday, who told a federal judge that the plan will do more to enrich savvy investors than help fire victims rebuild their lives.
The regulatory approval came hours after a federal judge blasted the company for engaging in behavior that he believed is endangering lives.
The drama is scheduled to enter its latest act Wednesday.
The communication came during a mandated quiet period from May 15 through Thursday.
The plan must still be approved by the judge supervising its case.
Johnson joined the nation's largest utility in April 2019 as it sought Chapter 11 bankruptcy protection due to roughly $30 billion in liabilities from wildfires started by its equipment.
PG&E will pay an additional $2.5 million to cover the fund's administrative fees
Company disclosed criminal charges related to its role in sparking 2018 Camp Fire that destroyed town of Paradise, California.
After further review, the California Public Utilities Commission agreed original fine was too lenient
More than 81,000 have filed claims to the settlement fund, setting the stage for a potential scrum.
The judge reportedly said the company had violated the terms of its probation.
California power producer PG&E Corp said on Tuesday it was on track to exit Chapter 11 bankruptcy by June 30 and that it plans to spend about $37 billion to $41 billion over the next five years to safeguard its equipment as it posted another quarterly loss on claims related to fires.