Home / United States / PG & E gives up after reporting a safety work report on a line related to a fire

PG & E gives up after reporting a safety work report on a line related to a fire



Pacific Gas & Electric Co (PG & E) workers repair a transformer in Paradise, California on Thursday, November 15, 2018.

David Paul Morris | Bloomberg | Getty Images

Pacific Gas & Electric Co (PG & E) workers repair a transformer in Paradise, California on Thursday, November 15, 2018.

PG & E Corp., a company at war, reportedly delayed security work on a 100-year-old high-voltage transmission line, the biggest suspect in the deadliest fire in California's history.

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More recently, the company had planned to start work in June 2018 and finish them later in the year, although this work has not started yet, the Journal added.

PG & E shares, which were up before the report was released, fell 3.8% last month. The company had no comment immediately available when CNBC contacted her for an answer. The stock price has fallen since the company announced its intention to continue the Chapter 11 bankruptcy.

PG & E faces at least $ 30 billion in potential liability costs related to the 2017 and 2018 wildfires, many of which were reportedly launched with the company's equipment, which led of the state to doubt the safety of its electricity distribution system.

Investigators have already determined that PG & E equipment was responsible for at least 17 major fires in 2017. State investigators are still in the process of determining whether the equipment of The company was partly responsible for the November camp fire, which killed at least 86 people and destroyed about 14,000 homes, making it the deadliest state. Fire.

This story is growing. Please check again for updates. Click here to the original Wall Street Journal report.


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