is pg&e the only electric company?
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Is PG&E a monopoly? The short answer is yes. The utility company covers the vast majority of Northern California, from Eureka in the north down to Bakersfield. For most people who live in that area, it's the only choice.
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There is now a “0% probability” that shares of PG&E will go to zero, after the company reached a deal with a group representing underinsured and uninsured wildfire victims, according to Citigroup. ...
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On Jan. 1, 2019, Union Gas and Enbridge Gas Distribution combined to form Enbridge Gas. We exist to deliver the energy that enhances peoples quality of life, drawing on a 170-year history of providing safe and reliable service to customers. Owned by Enbridge Inc., we are based in Ontario with 4,500 employees.
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The California Department of Forestry and Fire Protection and state utility regulators investigated Pacific Gas and Electric Company (PG&E) to determine if they complied with state laws in the areas burned in the fire. ... In mid-May 2019, California state investigators announced that PG&E was responsible for the fire.
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PG&E Emerges from Chapter 11 Bankruptcy On July 1, 2020, PG&E emerged from Chapter 11, successfully completing its restructuring process and implementing PG&E's Plan of Reorganization (“Plan”) that was confirmed by the United States Bankruptcy Court on June 20, 2020.
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Deregulation in California involved the state's three largest investor-owned utilities: Pacific Gas and Electric (PG&E), Southern California Edison (SCE) and San Diego Gas & Electric (SDG&E).
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PG&E is about to go bankrupt. But the troubled utility said it will keep the lights on and is committed to a “fair and expeditious” resolution of the billions of dollars it faces in potential liabilities from the Camp Fire and the 2017 wine country fires.
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Despite the potential for a power outage, BART says its trains will continue to operate because they do not rely on PG&E for power, said Alicia Trost, a Bart spokeswoman. ... However, Lieberman said, Caltrain has backup power for its signal system and for dispatching and routing trains through electric track switches.
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Puget Sound Energy no longer publicly traded; now owned by holding company. On Feb. 6, the ownership of Puget Sound Energy (PSE) was formally transferred to Puget Holdings, LLC, a group of long-term infrastructure investors including the Macquarie Group based in Australia.
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Texas is the only state in the lower 48 U.S. states to have its own power grid. There are three main grids in the U.S.: the Eastern Interconnection, the Western Interconnection and the Texas Interconnection. The Texas state grid is managed by the Electric Reliability Council of Texas (ERCOT).
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Free Gas Appliance Checks by PG&E Help Keep Customers Safe and Warm This Winter. SAN FRANCISCO, Calif. ... Inspections help ensure that gas appliances, including water heaters, furnaces and ovens, are operating safely and efficiently. During the visit, PG&E will also relight pilot lights at no charge to the customer.
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On January 14, 2019, PG&E announced that it was filing for Chapter 11 bankruptcy in response to the financial challenges associated with the catastrophic wildfires that it was liable for in Northern California that occurred in 2017 and 2018. The company hoped to come out of bankruptcy by June 30, 2020.
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What happened. Shares of PG&E (NYSE:PCG) traded down more than 23% on Friday morning on fears that the bankrupt California utility's transmission poles are responsible for one of the fires currently blazing in the state.
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PG&E has a monopoly over its coverage area, and Californians are livid. But there may not be much they can do. ... Two other investor-owned utilities—Southern California Edison and San Diego Gas and Electric—distribute power to the majority of customers through the rest of the state, both serving southern California.
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The company is headquartered in the Pacific Gas & Electric Building, in San Francisco, California, United States. ... PG&E is one of six regulated, investor-owned utilities (IOUs) in California; the other five are PacifiCorp, Southern California Edison, San Diego Gas & Electric, Bear Valley Electric, and Liberty Utilities.
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When a homeowner goes solar, PG&E expects electricity costs to go down so much that they will only bill once per year for electricity. The annual bill, known as a True-Up Statement, is the net electricity usage for the year and summarizes electricity charges and credits for each month into the annual bill.
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General Electric (GE), in full General Electric Company, major American corporation and one of the largest and most-diversified corporations in the world. Its products include electrical and electronic equipment, aircraft engines, and financial services. Headquarters are in Boston.