Third Bridge Forum has provided coverage on PG&E since Feb 2018, reviewing the impact of the California wildfires on the utilities business from a legal, financial, regulatory and environmental perspective. Given the high level of legal and policy uncertainty related to PG&E specifically and California more broadly, we conducted more than 10 interviews with policy advisors, attorneys, FERC agents, former c-level executives and safety commissioners.
The content generated from these interviews addresses in great detail the total cost estimates of claims from insurance and government entities, the legal theory behind inverse condemnation, the role of different agencies, the bankruptcy processes around dissemination of facilities, the sale of generation assets and the future of renewable PPA contracts tied under PG&E. The interviews also included discussions related to Edison and Sempra.
Third Bridge Forum has been an indispensable and differentiated research resource for leading credit managers and traders across the U.S., providing unique insights on the PG&E situation since February 2018.