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Pacific Gas
The Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered in the Pacific Gas & Electric Building, in San Francisco, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines. Overseen by the California Public Utilities Commission, PG&E is the leading subsidiary of the holding company PG&E Corporation, which has a market capitalization of $3.242 billion as of January 16, 2019. PG&E was established on October 10, 1905 from the merger and consolidation of predecessor utility companies, and by 1984 was the United States' "largest electric utility business". PG&E is one of six regulated, investor-owned electric utilities (IOUs) in California; the other five are PacifiCorp, Southern California Edison, San Diego Gas & Electric, Bear Valley Electric, and Liberty Uti ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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PacifiCorp
PacifiCorp is an electric power company in the western United States. PacifiCorp has two business units: # Pacific Power, a regulated electric utility with service territory throughout Oregon, northern California, and southeastern Washington. # Rocky Mountain Power, a regulated electric utility with service territory throughout Utah, Wyoming, and southeastern Idaho. PacifiCorp operates one of the largest privately held transmission systems in the U.S. within the western Energy Imbalance Market. Pacific Power and Rocky Mountain Power combined serve over 1.6 million residential customers, 202,000 commercial customers, and 37,000 industrial and irrigation customers - for a total of approximately 1,813,000 customers. The service area is . The company owns and maintain of long distance transmission lines, of distribution lines, and 900 substations. History Pacific Power & Light was formed in 1910 from the merger of several financially troubled utilities in Oregon and Washington ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ...
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Barron's (newspaper)
''Barron's'' is an American weekly magazine/newspaper published by Dow Jones & Company, a division of News Corp. Founded in 1921 by Clarence W. Barron (1855–1928) as a sister publication to ''The Wall Street Journal'', ''Barron's'' covers U.S. financial information, market developments, and relevant statistics. Each issue provides a summary of the previous week's market activity as well as news, reports, and an outlook on the week to come. Features Features in the publication include: * ''Market Week'' – coverage of the previous week's market activity * ''Barron's Roundtable'' – Posts from noted investors such as Bill Gross, Mario Gabelli, Abby Joseph Cohen, Felix Zulauf, and Marc Faber * ''Best Online Brokers'' – A ranking of the top online trading brokerage firms. Criteria include trading experience and technology, usability, mobile, range of offerings, research amenities, portfolio analysis & report, customer service & education, and costs. * ''Top Financial Adviso ...
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Dennis Montali
Dennis Montali (born May 20, 1940) is an American attorney and jurist who served as a United States bankruptcy judge of the United States Bankruptcy Court for the Northern District of California. Early life and education Montali was born in 1940 in San Francisco. His father founded Montali Winery (later Audubon Cellars) in Berkeley. In 1957, at the age of 17, he was the navigator for a 40 foot sailboat in the Transpacific Yacht Race from Los Angeles to Hawaii. He attended Bishop O'Dowd High School and earned a Bachelor of Arts degree from the University of Notre Dame in June, 1961. He entered the United States Navy to fulfill a four-year Reserve Officers' Training Corps commitment. After his discharge in 1965, he earned a Juris Doctor from the UC Berkeley School of Law in 1968. Career Dennis Montali started at the law firm of Rothschild and Phelen in San Francisco in April, 1968 as a law student, returned in September, 1968, and was admitted to the bar in January, 1969. Monta ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Los Angeles Times
The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the United States. The publication has won more than 40 Pulitzer Prizes. It is owned by Patrick Soon-Shiong and published by the Times Mirror Company. The newspaper’s coverage emphasizes California and especially Southern California stories. In the 19th century, the paper developed a reputation for civic boosterism and opposition to labor unions, the latter of which led to the bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. In recent decades the paper's readership has declined, and it has been beset by a series of ownership changes, staff reductions, and other controversies. In January 2018, the paper's staff voted to unionize and final ...
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2018 California Wildfires
The 2018 wildfire season was the deadliest and most destructive wildfire season in California history. It was also the largest on record at the time, now third after the 2020 and 2021 California wildfire seasons. In 2018, there were a total of 103 confirmed fatalities, 24,226 structures damaged or destroyed, and 8,527 fires burning , about 2% of the state's 100 million acres of land. Through the end of August 2018, Cal Fire alone spent $432 million on operations. The catastrophic Camp Fire alone killed at least 85 people, destroyed 18,804 buildings and caused $16.5 billion in property damage, while overall the fires resulted in at least $26.347 billion in property damage and firefighting costs, including $25.4 billion in property damage and $947 million in fire suppression costs. In mid-July to August 2018, a series of large wildfires erupted across California, mostly in the northern part of the state. On August 4, 2018, a national disaster was declared in Northern California, ...
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October 2017 Northern California Wildfires
The October 2017 Northern California wildfires, also known as the Northern California firestorm, North Bay Fires, and the Wine Country Fires were a series of 250 wildfires that started burning across the state of California, United States, beginning in early October. Twenty-one became major fires that burned at least . The wildfires broke out throughout Napa, Lake, Sonoma, Mendocino, Butte, and Solano Counties during severe fire weather conditions, effectively leading to a major red flag warning for much of the Northern California area. Pacific Gas and Electric reported that red flag conditions existed in 44 of the 49 counties in its service area. Seventeen separate wildfires were reported at that time. These fires included the Tubbs Fire (which grew to become the most destructive wildfire in the history of California up until that time - fires in 2018 were more destructive), the Atlas Fire, Nuns Fire, and others. These wildfires were also the most destructive ones of ...
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Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ...
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California Department Of Forestry And Fire Protection
The California Department of Forestry and Fire Protection (CAL FIRE) is the fire department of the California Natural Resources Agency in the U.S. state of California. It is responsible for fire protection in various areas under state responsibility totaling 31 million acres, as well as the administration of the state's private and public forests. In addition, the department provides varied emergency services in 36 of the state's 58 counties via contracts with local governments. The department's current director is Joe Tyler, who was appointed March 4, 2022, by Governor of California Gavin Newsom. Operations CAL FIRE's foremost operational role is to fight and prevent wildfire on 31 million acres of state forestland. The organization works in both suppression and prevention capacities on state land, and offers emergency services of various kinds in 36 out of California's 58 counties, through contracts with local governments. The organization also assists in response to a wide ...
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Algonquin Power & Utilities
Algonquin Power & Utilities Corp. is a Canadian renewable energy and regulated utility conglomerate with assets across North America. Algonquin actively invests in hydroelectric, wind and solar power facilities, and utility businesses (water, natural gas, electricity), through its three operating subsidiaries: Bermuda Electric Light Company, Liberty Power and Liberty Utilities. Public listing Algonquin Power Income Fund was established in September 1997 and first listed its trust units on the Toronto Stock Exchange on December 23, 1997. Having raised nearly $75 M, Algonquin used $27.5 M to purchase 14 hydroelectric generation facilities located in Ontario, Québec, New York and New Hampshire. Algonquin Power & Utilities Corp. was added to the TSX 60 Index on June 22, 2020. Incorporation In response to the Government of Canada's decision to end the preferential tax treatment of income trusts, Algonquin Power Income Fund was converted to a corporation in October 2009. Unit-holde ...
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