We also demand that PG-E and TID change the language of the agreement on services and asset sales as part of direct access to compliance with the Bill IX Assembly, as codified in Section 80110 of the Code of the Sea, and the Commission`s recent decisions regarding the suspension of the right to enter into new direct access contracts effective September 20, 2001. PCG, -0.75% pcG, said Wednesday that it is providing support to customers facing difficulties related to the COVID-19 pandemic through a series of billing and service changes that are immediately effective. The San Francisco-based gas and electric company said the changes included suspending service disruptions for non-payment and abandoning deposit requirements for new services provided to private and small businesses. In addition, PG-E stated that it operated flexible payment planning options and provided additional support to basic and low-medical clients. “PG-E is taking swift action to ensure that our customers, who are struggling through COVID-19, have access to a multitude of resources and extensive programs to manage their energy consumption and monthly bills,” said Laurie Giammona, Chief Customer Officer. Earlier this week, the company said it had a plea for manslaughter charges in connection with the 2018 campfire. The stock, which rose 3.6% in afternoon trading, slumped 48% last month, while the SPX 500 -0.44% lost 18%. This decision grants the application1 of the Pacific Gas and Electric Company (PG-E) to the Commission`s authorization in accordance with the Pub. Util. code 8512 for the sale of certain electrical distribution facilities and associated transmission units in part of Stanislas County, including the City of Patterson, the Community of Crows Landing and the Surrounding Rural Area (Westside Zone) to Turlock Irrigation District (TID), and approves other related transactions, including the leasing of PG-E real estate in the patterson and Salado substations. , a contract to purchase a 60 kV line from Patterson Frozen Food and facilities associated with TID, a private agreement on power lines and a closing agreement. In addition, we note that there is a strong legislative policy in California in favour of service zone agreements and against the resulting doubling of electricity distribution facilities and services and economic waste. We therefore approve a new service area agreement between PG-E and TID and require PG-E to give us our prior approval on all changes, including in its watershed, and on all replacement agreements.
We refuse to resolve future disputes between PG-E and TID as part of the service agreement, as california courts are able to properly resolve contractual disputes between the parties. Under the plan, PG-E funded the Fire Victim Trust, which was created to meet the needs of forest fire victims and others. The Fire Victim Trust`s funding plan is: $5.4 billion in cash for the plan, which was July 1, 2020; An additional $1.35 billion in two tranches in 2021 and 2022; common shares of PG-E Corporation on the plan`s reference date, which represent 22.19% of the common shares outstanding on that date (subject to possible adjustments); as well as some other rights.