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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

Retirees should be spending their time golfing, taking vacations and playing with grandchildren. Instead, one Ohio man is doing the opposite.Robert Blocksom, 87, is looking for a job, and he’s not alone.“It's definitely a trend. The bureau of labor statistics is predicting an increase over the next five years," Lori Long and Entrepreneurship Professor at Baldwin Wallace University said.In the last year, nearly 300,000 Americans 85 and older were working. That number is up 3 percent from the start of the 2006 recession.Industries, like the trucking industry, who years ago might not have given Blocksom a shot, could now do just that.“The shortage of drivers spans the entire country and virtually every trucking company in the United States," Frank Gagyi, President of the Buckeye Interimobile Trucking company in Cleveland said.And that’s where Blocksom is hoping a door will open.“I've always liked driving, so I figured that I'd like to be able to make some money driving," he said.Since his wife's been ill, he's had to sell his home, mobile trailer and other assets to cover expenses. Now he says trucking is a practical solution for income.“That would be the best way to do it," he said.And though it’s something he has to do, he’s pretty optimistic about trying something new."I believe I can do this pretty well, and it would be a nice challenge and it'd be fun,” he said.Blocksom still has to pass his commercial driver's licenses test for him to start working. His classes for that test start next month. He said the ideal shift would be local weekend trips, so he can still care for his wife.  1638

Roger Goodell would like to see Colin Kaepernick back in the NFL this season. The NFL commissioner said during ESPN’s “The Return of Sports” special on Monday that he is encouraging teams to sign the 32-year old quarterback, who hasn’t played the past three seasons. Kaepernick was with the San Francisco 49ers in 2016 when he kneeled during the national anthem to protest racial injustice. He became a free agent following that season and did not receive a contract offer.Seattle Seahawks coach Pete Carroll said last week that he received a call from another team about Kaepernick. Carroll and the Seahawks brought in Kaepernick for a workout in 2017 and had another planned in 2018 before it was canceled.Kaepernick held an open workout in front of several teams in Atlanta in late 2019 but was still not offered a contract. 836

SACRAMENTO, Calif. (AP) — The billionaire behind a measure to split California in three said he's giving up on the effort to reimagine the nation's most populous state after the state Supreme Court knocked it off the November ballot."The political environment for radical change is right now," venture capitalist Tim Draper wrote in a letter to the court dated Aug. 2 and made public by his opponents Thursday. "The removal of Proposition 9 from the November ballot has effectively put an end to this movement."The court struck Draper's measure in July in response to a lawsuit but didn't rule on the merits of the case, allowing Draper the opportunity to fight to put it on future ballots. He's not moving forward with the case.RELATED: State Supreme Court blocks proposal to split California into 3 states from November ballotDraper spent more than .7 million to qualify his initiative for the ballot, which requires gathering hundreds of thousands of signatures.It's not his first effort to break up California — his plan to split the state into six didn't qualify for past ballots. He's argued California has become ungovernable due to its size and diversity, politically and geographically.The latest plan would have divided California into three pieces. One would comprise the Bay Area, Silicon Valley, Sacramento and the rest of Northern California; the second would be a strip of land from Los Angeles to Monterey; and the third would include San Diego, the Central Valley and Orange County.RELATED: Proposal to split California into three states makes November ballotThe Planning and Conservation League sued to keep Draper's initiative off the ballot, arguing that such a massive change to the state's governance couldn't be done through a ballot initiative."At the end of the day, this was a billionaire's massive and illegal use of the initiative process, and the court was correct in stopping this folly," Carlyle Hall, an attorney who worked on the suit with the environmental group.Draper, meanwhile, said he had "no idea" if his initiative would have passed or if Congress would have given the necessary approval for the split but that the ballot measure would have spurred debate over government failings.RELATED: Calexit: New plan to split California aims to create 'autonomous Native American nation'"I wanted to let the voters debate, discuss and think about a different way forward — essentially a reboot. And, I wanted the political class to hear and witness the frustration of California's voters with decades of inaction and decay," he wrote. "I believed there was significant benefit to our democracy in that." 2650

Russia's Deputy Prime Minister ridiculed US President Donald Trump's Twitter diplomacy on Friday, saying that international relations should not depend any individual's frame of mind in the morning."We cannot depend on the mood of someone on the other side of the ocean when he wakes up," Arkady Dvorkovich said, according to the state-run news agency RIA Novosti. While he did not specifically name Trump, the US President has threatened military action against Syria in early morning tweets this week.As the US considers its response to a suspected chemical attack in Syria at the weekend, Trump's threats against Syria and Russia have been made almost entirely on Twitter. 683

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