fires PG&E warning to investors PG&E Corp. has about $800 million in insurance to cover claims in case its subsidiary Pacific Gas and Electric Co. is found liable for any Northern California fires, the company reported Friday in a regulatory filing. The filing with the U.S. Securities and Exchange Commission noted that though the cause of the fires has not been determined, state fire officials are investigating whether PG&E’s power lines played a role. PG&E Corp. stock has dropped about 23 percent since the fires erupted on Oct. 8, closing Monday at $53.43. Moody’s Economy.
NYS Entity Status
NYS Filing Date
JULY 23, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - MH ELECTRIC & TECHNOLOGY CORP.
Around the Web
- Business News Roundup, Oct. 17
By Chronicle News Services - Monday Oct 16, 2017
- Hyundai shifts to long-range premium electric cars
By Reuters - Friday Aug 18, 2017
Hyundai Motor Co said on Thursday it was placing electric vehicles at the center of its product strategy – one that includes plans for a premium long-distance electric car as it seeks to catch up to Tesla and other rivals. Like Toyota Motor Corp, Hyundai had initially championed fuel cell technology as the future of […]
- PG&E profit nearly doubles
By David R. Baker - Thursday Jul 27, 2017
PG&E Corp., the parent company of Pacific Gas and Electric Co., reported Thursday that it nearly doubled its profit in the second quarter, the result of rate hikes approved by California regulators.The first decision, issued in June of 2016, increased PG&E’s rates related to natural gas storage and transmission.The increase in gas rates provoked a public outcry during the winter, when consistently cold, wet weather forced homeowners to crank up their furnaces and burn more natural gas.
- California wildfires: PG&E warns investors of possible financial hit
By David R. Baker - Monday Oct 16, 2017
PG&E Corp. has about $800 million in insurance to cover claims in case its subsidiary Pacific Gas and Electric Co. is found liable for any of the fires currently burning through Northern California, the company reported Friday in a regulatory filing. The filing with the U.S. Securities and Exchange Commission noted that while the cause of the fires has not yet been determined, California fire officials are investigating whether PG&E’s power lines played a role. PG&E Corp. stock has dropped about 23 percent since the fires erupted on Oct. 8, closing Monday at $53.43. PG&E has been sued over wildfire damage before.
- Congressional panel puts plans for a US Space Corps in 2018 defense budget
By Sean Gallagher - Monday Jul 3, 2017
"Space has not been given adequate priority by our friends in the Air Force," says congressman.
- Renault-Nissan, China's Dongfeng announce e-car venture
Tuesday Aug 29, 2017
BEIJING (AP) — Automakers Renault and Nissan say they will develop electric cars with a Chinese state-owned partner, adding to a series of tie-ups between global auto brands and local partners in the biggest electric vehicle market.The venture Dongfeng Motor Corp. aims to develop a vehicle based on an SUV platform shared by Renault and Nissan, the companies announced Tuesday. Production is due to begin in 2019.Global automakers are investing heavily to develop electric vehicles for China, responding to rising demand and government pressure on the industry to speed up technology development.Chinese planners see electrics as a promising industry and a way to clean up smog-choked cities.