PG&E Corporation Schedules Investor Call: PG&E to Record Charge in Connection With Northern California Wildfires
The company filed a Form 8-K with the
The public can access the conference call via a simultaneous webcast. The link is provided below and will also be available on the
What: | Investor Conference Call | |
When: | |
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Where: |
http://investor.pgecorp.com/news-events/events-and-presentations/default.aspx |
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How: | Live over the Internet – log on to the web at the address above | |
The company noted that, in accordance with generally accepted accounting principles,
Currently, the charge is expected to be recorded in connection with the
“These fires were tragic and we remain focused on helping communities recover and rebuild. Looking forward, the state, first responders and California’s utilities are all in agreement that we must work together to prevent and respond to wildfires and enhance infrastructure resiliency. Years of drought, extreme heat and 129 million dead trees have created a ‘new normal’ for our state that requires comprehensive new solutions,” Williams said.
Extreme weather is increasing the number of large wildfires and the length of the wildfire season in
Comprehensive solutions must go beyond utility practices to address items such as improvements in forestry management and in building codes. In addition, the state must address the availability and affordability of insurance coverage as well as reforming California’s unsustainable policies regarding wildfire liability.
“Liability regardless of negligence undermines the financial health of the state’s utilities, discourages investment in
Reforming inverse condemnation would not absolve utilities from responsibility. Anyone harmed by these tragic wildfires has the ability to pursue a negligence claim in court. Furthermore, the CPUC, which regulates utilities, has the authority to investigate and evaluate a company’s conduct and performance and deny the recovery of costs if such conduct did not meet the state’s high standards.
“We are committed to advocating with legislative leaders and policymakers across the state on comprehensive legislative solutions for all Californians, as we collectively seek to meet the challenge of climate change, and position the
Forward-Looking Statements
This news release includes forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of
If you are unable to participate during the live webcast, the call will be archived at http://investor.pgecorp.com/news-events/events-and-presentations/default.aspx.
Conference Call Replay
Alternatively, a toll-free replay of the conference call may be accessed shortly after the live call through
Please contact Investor Relations at (415) 972-7080 if you have any questions.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180621005513/en/
Investor Relations, 415.972.7080
Media Inquiries, 415.973.5930
www.pgecorp.com
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