Pacific Gas And Electric Lawsuits
Have you, or a loved one, been injured or lost their lives in a fire and you suspect that Pacific Gas & Electric (PG&E) was at fault? They have a long history of being liable for countless fires, irreparable injuries, property damage and lost lives due to their negligence. If you have been the victim of their negligence please do not hesitate to reach out to our fire and burn injury lawyers handling Pacific Gas And Electric lawsuits throughout the areas they serve as well as fire accident claims nationwide.
About PG&E
PG&E aka the Pacific Gas and Electric Company is an investor-owned utility (IOU) with publicly traded stock. Headquartered in the Pacific Gas & Electric Building, in San Francisco, California they are the largest power, gas and utility company in the country. They are responsible for supplying natural gas and electricity to 5.2 million households in central and northern California. This vast area extends from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines. Governed by the California Public Utilities Commission, PG&E is the leading subsidiary of the holding company PG&E Corporation, which has a market capitalization of $3.242 billion as of January 16, 2019. Founded on October 10, 1905 which stemmed from the merger and consolidation of predecessor utility companies they were “largest electric utility business” by 1984. PG&E is one of six regulated, investor-owned electric utilities (IOUs) in California; the remaining five being PacifiCorp, Southern California Edison (the 2nd largest utility company in the United States), San Diego Gas & Electric, Bear Valley Electric, and Liberty Utilities.
Legal Issues And Fire Accident Lawsuits
In 2018 and 2019, the company received widespread media attention when investigations by the California Department of Forestry and Fire Protection (Cal Fire) assigned the company primary blame for two separate devastating wildfires in California. The formal finding of liability led to losses in federal bankruptcy court.
On January 14, 2019, PG&E announced its filing for Chapter 11 bankruptcy in response to its liability for the catastrophic 2017 and 2018 wildfires in Northern California. The company hoped to come out of bankruptcy by June 30, 2020, and was successful on Saturday, June 20, 2020, when U.S. Bankruptcy Court Judge Dennis Montali issued the final approval of the plan for PG&E to exit bankruptcy.
Contact Our Fire Accident Lawyers Handling Pacific Gas And Electric Lawsuits
To speak with an attorney about your rights, benefits available to you and sources of financial compensation please click here. They only handle all types of burn injury claims and fire accident lawsuits nationwide no matter the source of the fire, liable party or parties and extent of injuries and property damage.