A judge on Wednesday reportedly gave Pacific Gas & Electric Corp. (PG&E) the okay to launch a $105 million wildfire assistance program.
The Department of Justice is expected to "green light" the T-Mobile-Sprint merger, T-Mobile's regulatory counsel said Monday.
The Camp Fire that erupted in California last fall and ultimately became “the deadliest and most destructive” blaze in the state’s history was triggered by electrical transmission lines owned by Pacific Gas and Electricity (PG&E), officials said Wednesday.
The utility said it also expected the board to include 11 independent directors by the time of the meeting.
An investor group reportedly offered the utility giant $4 billion.
Regulators halted trading in the shares three times during Thursday's session.
Shares are popping on the news.
Tens of millions of people will lose money or face added costs.
General Counsel John Simon will replace Williams on an interim basis,
PG&E is facing lawsuits from the Camp Fire that occurred last year, as well as from a 2017 blaze.
Victims suing the utility company could be on the hook for damages.
Homeowners accuse the utility giant of negligence and blame the company for the fire.
The state’s electricity providers are under pressure amid the deadly wildfires.
State officials said the fires in question “were caused by electric power and distribution lines, conductors and the failure of power polls.”
The utility may have liabilities tied to Northern California's devastating wildfires.
Pacific Gas and Electric Co. was blamed in three lawsuits filed Tuesday for negligence in the wildfires that killed more than 40 people and destroyed more than 8,000 homes in Northern California last month.
Sprint (NYSE:S) and T-Mobile (NASDAQ:TMUS) shares are plunging Monday amid a report that SoftBank Group, Sprint’s parent company, is nixing a proposed merger between the two telecommunications giants.
It will cost more to heat your home this winter, thanks to colder weather and higher fuel prices.
Apple will officially open its doors to outsiders at its historic $5 billion Apple Park, which first opened back in April to its employees, to unveil its new product lineup.
The high winds and record flooding Hurricane Harvey brought to Texas’ Gulf coast since Friday could cost the city of Houston tens of billions of dollars, according to a report.