Bill Paves Guidelines for CPUC to Evaluate PG&E Shortfall Payments
1 report, 1 independent
Updated Oct 5
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What happened
Assembly Bill 2700 was signed into law on September 30, 2026. The legislation establishes guidelines for the California Public Utilities Commission to evaluate how Pacific Gas and Electric Company will pay a remaining shortfall to victims of utility-caused wildfires before 2019. This evaluation includes the Fire Victim Trust, which currently faces an estimated 28-30% shortfall.
From chicoer.com
Why it matters
The law mandates that the CPUC evaluate the financial shortfall related to past claims made against Pacific Gas and Electric Company. This regulatory action dictates the operational and financial requirements for the utility regarding its obligations to victims of past events.
From chicoer.com
Who's involved
- Pacific Gas and Electric CompanyUtility company subject to regulatory oversight regarding past claims and financial shortfalls.
- California Public Utilities CommissionState agency responsible for establishing guidelines and evaluating payments made by Pacific Gas and Electric Company.
- Carla PetermanExecutive holding the role of President and board chair at Pacific Gas and Electric Company.
- Vincent DavisSenior executive at Pacific Gas and Electric Company.
- Patti PoppeChief Executive Officer of Pacific Gas and Electric Company.
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The entities involved
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Assam
Indian state
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Pacific Gas and Electric Company
American utility company
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