PG&E says it's 'probable' its equipment caused the Camp Fire

A building destroyed by the Camp Fire is seen in Paradise California U.S

A building destroyed by the Camp Fire is seen in Paradise California U.S

Pacific Gas and Electric Co. today told investors its equipment was likely what sparked a massive wildfire that spread in California in 2018. The cause of the blaze is still under investigation, though the utility reported to regulators that it experienced equipment problems on the Caribou-Palermo line around the time the fire began.

Bankrupt Pacific Gas & Electric Corp. inched closer to taking responsibility for the deadliest US wildfire in a century, saying Thursday it is "probable" that one of its transmission lines sparked the blaze past year that killed 86 people and destroyed most of the city of Paradise.

The company, which has seen its stock prices plunge since the November 8 wildfire in Butte County, says it plans to include a $10.5 billion pre-tax charge related to Camp Fire claims in its fourth-quarter earnings. The fire killed 86 people and burned 14,000 homes in November.

The company faces billions of dollars in possible liabilities and almost two dozen lawsuits from victims of the Camp Fire, including allegations of poor equipment maintenance.

Shares of PG&E Corp fell 3 percent on Wednesday after federal filings showed that the power utility had delayed a safety overhaul of a high-voltage transmission line, a prime suspect behind the deadliest wildfire in California history.

The Jonas Brothers 'Confirmed Their Reunion' And Fans Are Losing Their Minds
Brothers Nick Jonas , 26, Joe Jonas , 29, and Kevin Jonas , 31, have reunited and are releasing their first single in more than five years.

PG&E's interim CEO, John Simon, said the company recognizes that more must be done to address the increasing threat of wildfires and keep communities safe.

Citing extraordinary challenges from wildfires, PG&E's management concluded the circumstances "raise substantial doubt about PG&E Corporation's and the Utility's ability to continue as going concerns".

Subsequent inspections of this transmission line identified equipment that should have been repaired or replaced, the company said.

The company said in 2017 that it would spend $30.3 million in 2018 to eliminate clearance issues on the line that were identified in 2013.

Recommended News

  • Huawei pleads not guilty to stealing U.S.  trade secrets

    Huawei pleads not guilty to stealing U.S. trade secrets

    Reuters reported on February 28th that the companies were "arraigned" and that a trial has been set for March 2nd, 2020. Huawei could face fines of more than $5 million Dollars (roughly $6.5 million CAD).
    The P20 Pro upgrade that Huawei probably doesn't want you to see

    The P20 Pro upgrade that Huawei probably doesn't want you to see

    The design approach for the back of the device remains unchanged as it tries to imitate the appearance of a point of shoot camera. Moreover, the upcoming handset P30 Pro will feature a teardrop design at the top and will have a triple camera setup at the rear.
    YouTube suspends comments on videos of kids

    YouTube suspends comments on videos of kids

    That's good in some ways, because some YouTube channels are created exclusively for creating and sharing predatory videos. A 3D-printed YouTube icon is seen in front of a displayed YouTube logo in this illustration taken October 25, 2017.
  • Two more measles cases in Vancouver area, bringing total to 15 infections

    Two more measles cases in Vancouver area, bringing total to 15 infections

    Thirty to 40 students and adults have recently temporarily removed from particular schools where the outbreak is taking place. Two new cases of measles have been confirmed in Vancouver, one of which was reported at a Kitsilano daycare for toddlers.
    Gap to separate Old Navy, close stores; shares jump

    Gap to separate Old Navy, close stores; shares jump

    Peck will hold the same position in the new company, while Old Navy CEO Sonia Syngal will stay on as head of the standalone firm. The question for Gap will be how it rebounds and reorganizes after the split, Cohen said.
    Why is Killer Mountain so risky ? British climber MISSING

    Why is Killer Mountain so risky ? British climber MISSING

    Nanga Parbat (also known as Nangaparbat Peak or Diamir) is the ninth highest mountain on Earth and the 2nd highest in Pakistan. The mountain is one of the eight-thousanders - a group of mountains that are more than 8,000 metres in height above sea level.
  • Northam's Wife Handed Out Cotton To Black Students As Lesson On Slavery

    Northam's Wife Handed Out Cotton To Black Students As Lesson On Slavery

    During that tour, Northam talked about how slaves used to grow cotton on the land around the mansion and handed out the raw cotton.
    U.S. Offers $1 Million Reward in Hunt for Bin Laden’s Son

    U.S. Offers $1 Million Reward in Hunt for Bin Laden’s Son

    The U.S. government is offering $1 million for help tracking down the son of the late terrorist leader Osama bin Laden. He has released audio and video messages calling for attacks against the US and its allies.
    Ferrari F8 Tributo: 488 Successor Revealed with 720hp!

    Ferrari F8 Tributo: 488 Successor Revealed with 720hp!

    Ferrari doesn't say it, but the F8 Tributo is obviously a comprehensive facelift of the 488 GTB rather than an all-new model. As well as a glovebox - missing from the Pista - the passenger now also gets a seven-inch touchscreen display.
  • Trump rule cuts reproductive healthcare funds for Title X clinics

    Trump rule cuts reproductive healthcare funds for Title X clinics

    Health centers will no longer have to counsel women on all reproductive options, including abortion. There are about 25 religiously-based facilities, sometimes called crisis pregnancy centers, in CT .
    EVO 2019 Drops Super Smash Bros. Melee

    EVO 2019 Drops Super Smash Bros. Melee

    Regardless of whether you think Melee needs EVO or vice versa, the news of its EVO 2019 departure signals the end of an era. Ultimate , which released this past December and would mark the game's first showing at the event.
    Emilia Clarke says Game of Thrones final season will ‘shock people’

    Emilia Clarke says Game of Thrones final season will ‘shock people’

    Elsewhere, the teaser includes new looks at Big Little Lies , Watchmen , Deadwood , The Case Against Adnan Syed , and many others. It's good to hear that the special edition packages won't be hard to find; I'm gonna need a few of these for our watch parties.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.