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SACRAMENTO, Calif. (AP) — Pacific Gas & Electric's key lenders on Tuesday offered a billion plan to pull the utility out of bankruptcy and give the tarnished company a new name.The proposal filed in U.S. Bankruptcy Court would set aside up to billion of that billion to pay claims on the 2017 and 2018 wildfires caused by PG&E equipment, the Sacramento Bee reported.The plan offered by PG&E's leading bondholders would compete with an alternative that the newspaper says is being drafted by PG&E. Normally the company in bankruptcy has first crack at proposing an exit plan, but the bondholders said in a court filing that they filed their plan because PG&E has "wasted crucial time needlessly."The bondholders also want to rebrand PG&E as Golden State Power Light & Gas Company.Asked about the bondholders' plan, the utility said in a statement that it was considering all options as it navigates the bankruptcy process.The new proposal came four days after Gov. Gavin Newsom, a Democrat, floated the idea of a billion package to deal with the costs of future wildfires, paid for by ratepayers and shareholders of PG&E and the other two big electric utilities in California.Newsom's plan does not offer any cash for PG&E's existing liabilities but would revise state law to give utilities more certainty about recovering costs from ratepayers — enough stability that Newsom believes will allow PG&E to borrow the money it needs to pay existing claims, according to the Bee.The bondholders include some of the biggest investors on Wall Street, including Elliott Management, Pimco and Apollo Global Management. They have been quietly promoting a PG&E restructuring plan for weeks in conversations with legislators, Newsom's aides and others. Tuesday's court filing marks the first time they have taken the proposal public."Substantial new capital must be infused into the company," the bondholders said in their court filing.The governor's office had no immediate comment on the bondholders' proposal.Like Newsom's plan, the proposal is "ratepayer neutral" — meaning, customer rates would not go up to pay the costs of getting PG&E out of bankruptcy.But ratepayers would pay: The plan calls for a .50 monthly charge, a feature of PG&E bills since the 2001 energy crisis, to be extended for several years to help raise dollars for a wildfire insurance fund proposed by Newsom last week. That fund would help pay claims for future fires.___Information from: The Sacramento Bee, http://www.sacbee.com 2574
SACRAMENTO, Calif. (AP) — California is on the verge of phasing out its state-operated juvenile prison system. The move is hailed by reform advocates and criticized by counties that would assume responsibility for some of the state’s most violent criminal youth. The bill generally follows Gov. Gavin Newsom's latest plan to unravel the Division of Juvenile Justice, which houses about 750 youths. But legislators added what advocates said are needed safeguards and standards for the hundreds of millions of dollars that would eventually flow to counties to house and treat youths. Counties say those restrictions hobble their ability to provide proper care. The legislation was passed just before the Legislature ended its session this week. 750

SACRAMENTO, Calif. (AP) -- A bill that would allow “bad officers” to be permanently stripped of their badges failed to pass the California Legislature.The measure was one of the year's top policing reform bills after the death of George Floyd while in police custody earlier this year.Law enforcement organizations opposed the bill because they said the proposed system is biased and lacks basic due process protections.The Legislature gave final approval to bills that would ban police officers from using choke holds and carotid holds and require independent investigations when police kill unarmed civilians.Those bills now go to Gov. Gavin Newsom's desk. 666
REUNION, Fla. – The Los Angeles Lakers are this year’s NBA champions.The L.A. team defeated the Miami Heat 106-93 in Game 6 of the NBA Finals Sunday night, marking the team's 17th NBA title, tying the Boston Celtics for the record.This also marks LeBron James’ fourth NBA championship win. He previously won with the Heat in 2012 and 2013, as well as in 2016 with the Cleveland Cavaliers.Game 6 was also the 260th of James’ playoff career, lifting him into sole possession of first place on the league’s postseason appearances list. After missing the playoffs in his first two seasons, James has reached the postseason 14 times in 15 years.The 2019-2020 season was unlike any other before. First, it was suspended when the COVID-19 pandemic started in March. And then it resumed, with games played at the ESPN Wide World of Sports Complex near Orlando, Florida. 869
RIVERSIDE, Calif. (KGTV) - A rare crocodile monitor lizard is in the care of Riverside County Animal Services Friday while staff members search for its owner.Christine and J. Craig Williams found the five-pound, four-foot long lizard Wednesday at their Riverside home after their dogs began to bark at it, according to a news release.Animal Services Officer John Hergenreder used a loop to capture it. “It did not try to escape when I walked up to it, but it did start to hiss loudly,” Officer Hergenreder said. “It sensed I was coming to grab it.”“Crocodile monitors are not usually kept as pets by private individuals,” said reptile expert Kim McWhorter. “They need specialized care, mostly due to the large size they can reach. An owner would need a custom-built, room-sized enclosure. We hope the owner realizes we have their pet now. People are accustomed to coming to the shelter if they lose a dog or cat, but don’t necessarily think of us when they lose a lizard.”The Riverside City/County animal shelter in Jurupa Valley will hold the exotic pet for a period to allow the rightful owner to claim his/her lizard. It is legal to own a crocodile monitor in California. 1182
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