Newsom names 'energy czar' amid California blackouts, suggests state could take over PG&E - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 2, 2019 Newswires
Share
Share
Post
Email

Newsom names ‘energy czar’ amid California blackouts, suggests state could take over PG&E

Sacramento Bee (CA)

Nov. 1--California Gov. Gavin Newsom designated a top aide as his "energy czar" in the wake of Pacific Gas & Electric Company's prolonged power outages and on Friday suggested the state could take charge of the bankrupt utility.

"The entire system needs to be reimagined," Newsom said at a press conference.

Ana Matosantos will continue to serve as Newsom's cabinet secretary while also working as the state's energy czar, where she will be charged with helping fix the state's utility problems.

During the news conference, Newsom initially indicated Matosantos would step down as cabinet secretary -- the second-highest-ranking cabinet member -- to take the position, but his office later said he misspoke.

PG&E, the state's largest privately owned utility, is in bankruptcy proceedings as it deals with billions of dollars in claims for damages related to wildfires caused by its equipment in 2017 and 2018.

"We share the governor's focus on reducing wildfire risk across California and understand that PG&E must play a role in these efforts," PG&E spokesman James Noonan said in a statement. "We welcome the governor's and the state's engagement on these vital matters and share the same goal of fairly resolving the wildfire claims and exiting the Chapter 11 process as quickly as possible."

Newsom prodded the company to move quickly. He wildfire victims need money immediately and cannot afford to wait until the company's June 30 deadline for exiting bankruptcy.

Newsom raised the possibility of the state taking charge of the utility, although he declined to give specific details about how that would look.

"PG&E may or may not be able to figure this one out," Newsom said. "If they cannot, we are not going to sit around and be passive. We are gaming out a backup plan. If PG&E is unable to secure it's own future... then the state will prepare itself as backup for a scenario where we do that job for them."

Frustrated with the positions of the different groups involved in the bankruptcy process, U.S. Bankruptcy Judge Dennis Montali appointed retired bankruptcy Judge Randall Newsome as a mediator earlier this week. The team Newsom unveiled on Friday is expected to work with Montali to expedite the bankruptcy process and broker a deal.

"This is not Plan A, but it is a plan," Newsom said.

Before joining Newsom's cabinet, Matosantos served as finance director under Govs. Jerry Brown and Arnold Schwarzenegger. She also served on a seven-member commission appointed by former President Barack Obama to oversee Puerto Rico's finances during the territory's debt crisis.

Matosantos' energy strike team includes several other cabinet members: legal secretary Ann Patterson, energy adviser Alice Reynolds and legislative strategist Rachel Wagoner.

Newsom is asking them to determine how to make the state's energy equipment safer, potentially by moving power lines underground or by dividing infrastructure into "micro-grids."

Within weeks, Newsom wants the group to release a "broad strokes" outline for how utilities need to change to meet modern challenges.

"This is not the new normal, and this does not take 10 years to solve," he said.

Newsom didn't say how much he expected the changes would cost the state, although he noted that his administration doesn't want to put the state's budget "at risk."

___

(c)2019 The Sacramento Bee (Sacramento, Calif.)

Visit The Sacramento Bee (Sacramento, Calif.) at www.sacbee.com

Distributed by Tribune Content Agency, LLC.

Older

Obamacare Office in Palm Beach, Recognized by HealthCare.gov as Elite Obamacare Agents

Newer

BenaVest’s New AI Oscar Agent Contracting Portal Makes Life Easy for Agents to Get Appointed With Oscar

Advisor News

  • Navigating client communication in a digital age
  • Can your advisory firm survive without you?
  • I started using AI, but what now?
  • How to support an entrepreneur client with multiple businesses
  • Could a narrower focus help grow your practice?
More Advisor News

Annuity News

  • Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
  • MassMutual Expands Lending Options With New Secured Credit Line
  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
  • IMOs get frustrated with slow carrier adoption of faster technology
More Annuity News

Health/Employee Benefits News

  • REPS. CLARKE, GRIJALVA LEAD 63 MEMBERS OF CONGRESS IN URGING USCIS TO ADDRESS PROCESSING BACKLOG COSTING LAWFULLY-PRESENT IMMIGRANTS THEIR HEALTHCARE
  • Pennsylvania sues pharma and PBMs over insulin prices
  • Seniors can get help wth Medicare sign-ups
  • Oscar Introduces a New Wave of Consumer Health Products
  • MAYOR MAMDANI LAUNCHES OUTREACH TEAM TO HELP NEW YORKERS KEEP MEDICAID AS FEDERAL CUTS THREATEN COVERAGE
More Health/Employee Benefits News

Life Insurance News

  • Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
  • Virginia orders Atlantic Coast Life to halt new business Nov. 1
  • AM Best Affirms Credit Ratings of China Taiping Insurance (Singapore) Pte. Ltd.
  • AM Best Upgrades Credit Ratings of Fidelity Life Association, A Legal Reserve Life Insurance Company; Affirms Credit Ratings of Industrial Alliance Insurance and Financial Services Inc. and Its Life/Health Subsidiaries
  • 777 Partners founder pleads guilty to $500 million fraud scheme
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.