JENNER plane talk BIDEN to HIGH-SPEED RAIL rescue? FAULCONER to NUNES event PETA vs. COX
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THE BUZZ: Is personal wealth a political turnoff?
The moment that many people will remember from Republican gubernatorial candidate Caitlyn Jenner’s Wednesday debut was Jenner’s anecdote about a hangar-mate fleeing for Arizona. The point was intended to illustrate how a spiraling homelessness crisis has driven Californians away, but allies of Gov. Gavin Newsom exulted in what they saw as a foot-in-mouth moment. Not many voters can relate to conversations around personal airplanes, and based on the outpouring of social media mockery you can bet Jenner’s foes will use the episode to argue she’s disconnected from voters.
Wildfire victims see little to no compensation from PG&E settlement trust
Published article
PARADISE, CA - NOVEMBER 15: An aerial view of a neighborhood destroyed by the Camp Fire on November 15, 2018 in Paradise, California. Fueled by high winds and low humidity the Camp Fire ripped through the town of Paradise charring over 140,000 acres,
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SAN FRANCISCO - A trust approved by a federal judge to help compensate victims of deadly California wildfires sparked by Pacific Gas & Electric equipment paid survivors just $7 million while racking up $51 million in overhead in its first year of operation, KQED News reported.
The Fire Victim Trust was set up to compensate 67,000 victims as part of a bankruptcy settlement. Attorneys for the fire victims negotiated the deal on behalf of survivors, and it was funded half with cash and half with foundering PG&E stock.
California fire victims see little payout from settlement
May 6, 2021
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1of3FILE - In this Dec. 3, 2018, file photo, charred footprints of homes leveled by the Camp Fire line the streets at the Ridgewood Mobile Home Park retirement community in Paradise, Calif. A trust approved by a federal judge to help compensate victims of deadly California wildires sparked by Pacific Gas & Electric equipment paid survivors just $7 million while racking up $51 million in overhead in its first year of operation, KQED News reported.Noah Berger/APShow MoreShow Less
2of3FILE - In this Nov. 8, 2018 file photo, a home burns as a wildfire called the Camp Fire rages through Paradise, Calif. A trust approved by a federal judge to help compensate victims of deadly California wildires sparked by Pacific Gas & Electric equipment paid survivors just $7 million while racking up $51 million in overhead in its first year of operation, KQED News reported.Noah Berger/APShow Mor
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Bill Cook s family home in Paradise was destroyed by the Camp Fire, sparked by PG&E equipment in 2018. Like the vast majority of the 67,000 victims of multiple PG&E-related fires included in a December 2019 settlement with the company, Cook s family has yet to see a dime.
(Courtesy Bill Cook)
Retired U.S. Foreign Service Officer Bill Cook lost his home in Paradise during the Camp Fire, the 2018 blaze sparked by Pacific Gas & Electric Co. equipment that ranks as the deadliest and most destructive fire in California history.
More than two years later, Cook, 70, and his family are barely scraping by. Like Cook, the vast majority of the 67,000 PG&E fire victims included in a December 2019 settlement with the company have yet to see a dime. That s as lawyers and administrators have been paid millions, with the money coming directly from funds set aside to help survivors like Cook.
PG&E Corporation Reports First-Quarter 2021 Financial Results •Recorded GAAP earnings were $0.06 per share for the first quarter of 2021, compared to earnings of $0.57 per share for the same period in 2020. •Non-GAAP core earnings were $0.23 per share for the first quarter of 2021, compared to $0.89 per share for the same period in 2020. •2021 EPS guidance adjusted for GAAP earnings in the range of $0.07 to $0.21and reaffirmed non-GAAP core earnings of $0.95 to $1.05 per share. SAN FRANCISCO - PG&E Corporation (NYSE: PCG) recorded first-quarter 2021 income available for common shareholders of $120 million, or $0.06 per share, as reported in accordance with generally accepted accounting principles (GAAP). This compares with income available for common shareholders of $371 million, or $0.57 per share, for the first quarter of 2020.