Mar 7, 04:31 PM

PG&E Seeks Delay in $1 Billion Payment for Wildfire Costs Despite $2 Billion Profits

PG&E, despite reporting profits of over $2 billion last year, has requested a delay in paying a $1 billion repayment to customers for wildfire costs. The utility company faces financial challenges despite its earnings.

Written with ChatGPT (GPT-3).

Sources

ABC7 News@abc7newsbayarea
2 years ago
CPUC unanimously approves new PG&E rate hike to cover wildfire mitigation projects https://t.co/3sIHYKSh8U https://t.co/FNPJrE3wvD
Bloomberg Markets@markets
2 years ago
A jury added $3 billion in punitive damages to a previous multibillion-dollar award in a 21-year legal feud among five brothers from India who have amassed a fortune in diamonds and Los Angeles real estate https://t.co/gSqQ66HiDh
The San Francisco Standard@sfstandard
2 years ago
. @PGE4Me rate increases that began in January now mean that the utility company has the dubious distinction of being the priciest power provider in California. But there’s more bad news. https://t.co/5LJ5JtqfyD

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PG&E Seeks Delay in $1 Billion Payment for Wildfire Costs Despite $2 Billion Profits

Sources

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