Welcome

PG&E’s Financial Distress Will Disrupt California’s Power Market

Jan. 10, 2019, 6:25 PM

The expanding impact of PG&E Corp.’s distress is becoming more clear.

The company’s shaky finances have already disrupted Northern California’s natural gas market and are causing distress for power generators that sell it electricity. And a looming potential bankruptcy for PG&E may threaten its contracts for thousands of gigawatts of clean energy, according to a Jan. 10 report by Bloomberg NEF.

PG&E is facing billions of dollars in potential wildfire liabilities and lawmakers and regulators are calling for a sweeping corporate overhaul. California’s biggest utility owner is deeply entangled in the region’s energy markets and any significant change to the ...

To read the full article log in. To learn more about a subscription click here.