UPDATE9/12/2020 -- 12noon Wildfires are burning across the West, but cooler weather may be offering some hope in the coming days. Also, just announced, President Trump will visit Sacramento on Monday (9/14) for a briefing on the California wildfires. According the National Interagency Fire Center (NIFC), the combined firefighting force across the West is more than 29,000 currently on the front lines of these fires. Across the West, thousands of homes and other structures have been lost and regrettably, 26 lives so far. NIFC also reported that evacuations are active in 6 States across the West due to the massive [...]
Governor Gavin Newsom announced today that California educational agencies will each receive a portion of $5.3 billion to mitigate losses and provide distance learning support to millions of students across the state. The Governor also signed an executive order charging state agencies with improving and expanding the state's broadband infrastructure to provide high-speed internet access to all Californians.
On May 20, Consumer Watchdog, a nonprofit organization that works on behalf of taxpayers and consumers, transmitted a letter to Governor Newsom requesting he issue an order that no new oil wells be approved without full bonding for their clean-up, as well as a requirement to plug a certain number of idle wells in exchange for a new permit.
On April 7, U.S. Bankruptcy Judge Dennis Montali rejected an attempt by wildfire victims' attorneys to notify clients that their $13.5 billion settlement with PG&E could be devalued by a stock market impacted by COVID-19.
The California ISO (CAISO) reported on March 25 that energy demand has fallen as a result of Governor Newsom's Executive Orders (12 Orders to date) requiring Californians to stay at home to slow the spread of COVID-19.
While PG&E is continuing on its path to emerge from bankruptcy, California Public Utilities Commission (Commission) President Marybel Batjer outlined a proposed process on February 18 as to how the State could revoke the utility’s operating license if the utility again commits serious safety violations without adequately addressing them.
In a report released on February 13, the Legislative Analyst’s Office (LAO), a nonpartisan advisory agency for the state legislature, said the governor's Climate Catalyst Loan Fund would be problematic and questioned the State’s ability to even identify the right projects to qualify.
At the Public Policy Institute of California (PPIC) conference on January 29, 2020, Governor Newsom again reiterated his threat for a State takeover of PG&E if the bankrupt utility falls short in the changes he wants.
In an attempt to salvage their bid to take control of PG&E, a group of creditors led by Elliott Management Corporation (Elliott) and Pacific Investment Management Company (PIMCO) said late Friday that they would commit to addressing Governor Newsom’s concerns with PG&E, including the formation of a new board and making provisions for the option of a state takeover.
Following his letter from last week, Governor Newsom on Monday submitted a filing before U.S. Bankruptcy Court Judge Dennis Montali in which he said that PG&E’s reorganization ignored his concerns and offered a restructuring plan that is, “more about creating an illusion of momentum,” than a true reorganization plan.
Three days after being inaugurated as the 40th Governor of the State of California, Gavin Newsom offered his first budget, which at $209 billion, is $8 billion more than former Governor Brown’s last budget.