PG&E's Wildfire Saga

This week: we dig into the causes of PG&E’s latest bankruptcy: wildfires.PG&E’s restructuring is one of the biggest in U.S. history — and it could be considered the first climate bankruptcy. The utility faces tens of billions of dollars in liabilities after investigators pinned over a dozen wildfires on PG&E equipment. What does it tell us about the health of utility infrastructure and corporate preparedness for climate risk?The future structure of PG&E is still uncertain as it moves through bankruptcy proceedings. And California lawmakers are struggling with how to both protect and penalize utilities for wildfire damages.We are going to explain what wildfires mean for PG&E and other California utilities. We’ll speak with Katherine Blunt of the Wall Street Journal about what her reporting has uncovered.Our current Interchange sponsor is PG&E. Please note: our sponsors have no influence on our editorial content in our podcasts. Read some of Katherine Blunt’s reporting:California Governor Proposes Fixes to State’s Wildfire CrisisPG&E Delayed Safety Work on Power Line That Is Prime Suspect in California WildfireJudge Moves to Curtail PG&E’s Dividends Until it Reduces Wildfire RisksSupport for this podcast comes from PG&E. Did you know that 20 percent of EV drivers in the U.S. are in PG&E’s service area in Northern California? PG&E is helping to electrify corporate fleet vehicles. Get in touch with PG&E’s EV specialists to find out how you can take your transportation fleet electric.We're also sponsored by Wunder Capital. Wunder Capital is the leading commercial solar financing company in the United States. Click here to find out how Wunder Capital can help you finance your next commercial solar project.Subscribe to The Interchange podcast via Apple Podcasts, Google Podcasts, Stitcher, Spotify or wherever you find your audio content. Or integrate our RSS feed into the app of your choice.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What this episode covers

This week: we dig into the causes of PG&E’s latest bankruptcy: wildfires. PG&E’s restructuring is one of the biggest in U.S. history — and it could be considered the first climate bankruptcy. The utility faces tens of billions of dollars in liabilities after investigators pinned over a dozen wildfires on PG&E equipment. What does it tell us about the health of utility infrastructure and corporate preparedness for climate risk? The future structure of PG&E is still uncertain as it moves through bankruptcy proceedings. And California lawmakers are struggling with how to both protect and penalize utilities for wildfire damages. We are going to explain what wildfires mean for PG&E and other California utilities. We’ll speak with Katherine Blunt of the Wall Street Journal about what her reporting has uncovered. Our current Interchange sponsor is PG&E. Please note: our sponsors have no influence on our editorial content in our podcasts. Read some of Katherine Blunt’s reporting:California Governor Proposes Fixes to State’s Wildfire CrisisPG&E Delayed Safety Work on Power Line That Is Prime Suspect in California WildfireJudge Moves to Curtail PG&E’s Dividends Until it Reduces Wildfire RisksSupport for this podcast comes from PG&E. Did you know that 20 percent of EV drivers in the U.S. are in PG&E’s service area in Northern California? PG&E is helping to electrify corporate fleet vehicles. Get in touch with PG&E’s EV specialists to find out how you can take your transportation fleet electric. We're also sponsored by Wunder Capital. Wunder Capital is the leading commercial solar financing company in the United States. Click here to find out how Wunder Capital can help you finance your next commercial solar project. Subscribe to The Interchange podcast via Apple Podcasts, Google Podcasts, Stitcher, Spotify or wherever you find your audio content. Or integrate our RSS feed into the app of your choice. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is 30 minutes long.

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This episode was published on April 17, 2019.

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