PG&E wildfire mishaps spark fury, profanity, protests and a PUC probe - 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 29, 2018 Newswires
Share
Share
Post
Email

PG&E wildfire mishaps spark fury, profanity, protests and a PUC probe

San Jose Mercury News (CA)

Nov. 29--State regulators on Thursday launched a probe into PG&E's corporate structure and commitment to safety during a meeting disrupted by protests over the utility's operations in the wake of deadly wildfires in Northern California and a fatal explosion in San Bruno.

Even though the state Public Utilities Commission on Thursday ordered PG&E to adopt 60 recommendations from an independent consultant to improve its safety culture, speakers during the meeting suggested that the commission has coddled PG&E rather than regulate the embattled utility.

But PG&E said it already had enacted many of the changes.

"We've implemented the majority of their recommendations already, and are on track to implement many more within the next year," PG&E said in a prepared release.

Bay Area residents spoke for well over one hour to the five commissioners, with repeated demands that PG&E should not be bailed out. The speakers urged the commission and state politicians to allow PG&E to tumble into bankruptcy if the company can't cope with its financial exposure from wildfires in 2017 and 2018.

"The people of California are fed up with the continuing death and destruction caused by PG&E and the other utilities," said Steve Zeltzer, an official with United Public Workers for Action. "The PUC is a pawn of the utilities. Utility executives should be in jail for what they have done. They continue to kill people. Let's take the profit out of utilities. These profiteers don't give a damn about the people they are killing."

Commission president Michael Picker vowed to open a fresh investigation into PG&E with an eye to a possible restructuring of the company or replacing some members of the board of directors.

"PG&E appears to not have a clear vision for its safety programs," Picker said in summarizing part of the PG&E safety culture report. "PG&E pursues many programs without having an idea of how they fit together. This is deeply troubling. It keeps me awake at night."

During a federal trial after the 2010 San Bruno gas pipeline explosion, prosecutors argued that the utility put profits ahead of safety, a corporate philosophy that eventually led to the blast that killed eight and destroyed a neighborhood. PG&E is now a convicted felon due to crimes it committed before and after the San Bruno explosion in 2010.

Questions about PG&E's commitment to safety have erupted again following a series of fatal infernos that scorched the North Bay Wine Country and nearby regions in October 2017 and this year's lethal blazes in Butte County that destroyed the town of Paradise.

Several speakers were critical of the compensation package for PG&E chief executive officer Geisha Williams, who received $8.6 million in total direct pay, including $6.5 million in stock awards, during the time the company was sentenced for six felonies linked to the San Bruno blast and its equipment was involved in multiple Wine Country infernos.

San Francisco-based PG&E has raised the specter of bankruptcy if state officials fail to help the company ward off its financial exposure from the wildfires.

"We do not want to bail out PG&E. We don't want to take the fall for PG&E. It's their fault," said Margaret Lewis, a member of Communities for a Better Environment in Oakland. "They have made irresponsible corporate decisions by putting profits over people. Let them go bankrupt."

The PUC also came under harsh criticism from several speakers.

"We need to stop protecting PG&E, we need to stop protecting the PUC," said Jessica Tovar of East Bay Clean Power Alliance. "The P in PUC stands for profits, or maybe the P stands for PG&E. No PG&E bailout. We will not take this ... any longer."

------

* Report an error

* Policies and Standards

* Contact Us

___

(c)2018 the San Jose Mercury News (San Jose, Calif.)

Visit the San Jose Mercury News (San Jose, Calif.) at www.mercurynews.com

Distributed by Tribune Content Agency, LLC.

Older

ACA enrollment down 27 percent in West Virginia

Newer

Rep. Gottheimer Visits Demarest After Helping Fire Department Secure $96,000 Grant for Emergency Communication Equipment

Advisor News

  • When a client moves, their insurance plan needs to move, too
  • A rising retirement challenge: The license to spend
  • Financial stress leaves less room for retirement saving
  • Giving while you’re living: 3 frequently asked questions about gifting
  • Helping clients prepare for one of their biggest retirement expenses
More Advisor News

Annuity News

  • A rising retirement challenge: The license to spend
  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
  • Lawsuit claims Delaware Life hid billions in insurer-linked investments
  • AM Best to Deliver Presentation at 2026 ACLI Annual Conference
More Annuity News

Health/Employee Benefits News

  • Former CEO of health insurance giant Trigon dies
  • As immigrant Medicaid cuts take effect, some in WA can keep their coverage
  • HMSA revamping Medicare Advantage plans
  • HMSA revamping Medicare Advantage plans
  • Norwood Davis, CEO of health insurance giant, dies at 86 Norwood Davis, former CEO of health insurance giant Trigon, dies at 86
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Study Results from Cornell University in the Area of Insurance Reported (Regulatory Competition In the Us Life Insurance Industry): Insurance
  • AM Best Comments on Issuer Credit Ratings of Pacific Life Insurance Company’s Commercial Paper Following Amendment to Program
  • AM Best Affirms Credit Ratings of Protective Life Corporation and Its Key Subsidiaries
  • ICICI Life Insurance names Sidharatha Mishra managing director, CEO
  • Lawsuit alleges companies collected $30 million in ‘illegal wager on human life’
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

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
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.