
The impact of deferred maintenance and climate-driven drought on Pacific Gas and Electric’s wildfire liabilities
1. Pacific Gas and Electric (PG&E)Pacific Gas and Electric, rank-ordered among the premier investor-owned utility providers nationwide in the United States, sought bankruptcy protection back in 2019 following roughly $30 billion in financial obligations linked to devastating wildfires. Probes revealed that outdated transmission gear ignited multiple blazes, such as the 2018 Camp Fire, which stands as the most lethal wildfire recorded in California’s history. Decades of delayed upkeep, paired with severe drought driven by climate shifts and intense temperatures, heightened ecological hazards. The firm's descent into Chapter 11 proceedings highlighted the catastrophic toll that neglecting climate adaptation and grid resilience…


