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 ...

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