Pacific Gas & Electric

LA fire survivors and the insurance industry criticize Governor Gavin Newsom for allegedly supporting last-minute legislative efforts to shift wildfire costs from utilities to policyholders. Proposed measures include limiting victim compensation, blocking insurance companies from recovering costs, and capping attorneys' fees, which critics claim favor utility companies through opaque 'gut-and-amend' tactics.

PG&E reported second-quarter earnings of $761 million, or $0.33 per share, which beat Wall Street's 37-cent per share estimate. However, the company's revenue of $5.9 billion fell short of the expected $6.31 billion. PG&E expects full-year earnings between $1.64 and $1.66 per share.

Pacific Gas & Electric customers in California may face annual energy bill increases of up to $840 by 2030, impacting 16 million people. The rise is described as bringing misery to residents across the state.

General Motors is positioning itself as a distributed utility by leveraging bidirectional EV charging, grid-scale sodium-ion battery storage, and partnerships with energy companies to address U.S. grid instability caused by extreme weather, aging infrastructure, and AI-driven energy demand. The initiative includes pilot programs with DTE Energy and Pacific Gas & Electric, as well as collaborations with Peak Energy and Redwood Materials for stationary storage solutions.

California's gubernatorial primary features Xavier Becerra, Tom Steyer, and Steve Hilton competing for advancement to the November general election. The race centers on addressing the state's high cost of living, with candidates emphasizing either experience or transformative change.

California's gubernatorial race features record-breaking outside spending, with groups like California Is Not For Sale spending $32 million against Tom Steyer and $13 million supporting Xavier Becerra. Chevron, McDonald’s, and PG&E are among major contributors backing Becerra, while progressive unions spent $1.4 million on Tom Steyer. Outside groups have also spent $1.8 million opposing Republican frontrunner Steve Hilton.

California lawmakers introduced bills requiring major utilities to measure and improve grid efficiency to address rising electricity rates. The legislation targets Pacific Gas & Electric, Southern California Edison, and San Diego Gas & Electric.