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If California electric utility PG&E is responsible for California's wildfires, it may not be able to afford the payouts it would owe.PG&E disclosed in a regulatory filing Tuesday that it "experienced an outage" on a transmission line in Butte County at 6:15 a.m. on November 8 -- just 15 minutes before the Camp Fire that has so far claimed 48 lives broke out.PG&E said the cause of the fire is still under investigation. But if its equipment is found to be responsible for it, PG&E "could be subject to significant liability in excess of insurance coverage" and that this could have "a material impact" on its financial results.The utility renewed its liability insurance coverage for wildfire events for an amount of approximately .4 billion that covers the period from August 1, 2018 through July 31, 2019, the company said in the SEC filing.But the fire is far from being under control, which means more damage is likely. PG&E said in the filing that the California Department of Forestry and Fire Protection estimates the fire won't be fully contained until November 30.The damages alone could cost up to .8 billion. according to a report from Moody's this week.PG&E may not have enough to cover the cost that, let alone any legal fees or fines it might have to pay. The utility said in its filing that it currently has .46 billion in cash after borrowing from an existing revolving credit line.Shares of PG&E (PCG) plunged more than 30% Wednesday following this disclosure and were briefly halted for volatility. The stock has now fallen by half since the Camp Fire began.The utility could need another bailout from the state of California if it's found to be liable for the Camp Fire.Governor Jerry Brown signed a bill in September that lets PG&E issue bonds backed by surcharges from the utility's customers. Those bonds would help pay for damages tied to deadly California wildfires in October 2017 caused by faulty PG&E equipment.The bill allows for the possibility that utilities could issue similar bonds for future fires, but that is not guaranteed.PG&E already faces one lawsuit on behalf of victims of the Camp Fire.A group of law firms that has dubbed itself the Northern California Fire Lawyers filed a suit Tuesday on behalf of Camp Fire survivors.The firms allege in the suit that "PG&E was negligent in failing to maintain its infrastructure and properly inspect and manage its power transmission lines." 2507

In an election year, it probably comes as no surprise that the two most tweeted about people in the world this year were the two top presidential candidates.According to Twitter’s annual year-end review, President Donald Trump was the most-tweeted about person in 2020, one spot ahead of President-elect Joe Biden.The third-most tweeted about person was George Floyd, who died on Memorial Day while in the custody of Minneapolis police officers. His death sparked renewed nationwide protests and calls of police reform.Kobe Bryant, who died in a helicopter crash in January along with his 13-year-old daughter Gianna and seven others, was the fourth-most tweeted about person in 2020.Former President Barack Obama was the fifth-most tweeted about person in 2020.Meanwhile, the most liked tweet of 2020 was from the account of Chadwick Boseman on August 28, announcing the “Black Panther” star’s death. The tweet, which had 7.6 million Twitter likes, was the most-liked tweet in the history of the social media platform.Twitter said that #COVID19 was the most tweeted about hashtag in 2020. #StayHome made the list at No. 3.To see more about Twitter’s 2020 data, click here. 1181

Hundreds of parishioners gathered at a Pennsylvania church Wednesday to exchange or renew their wedding vows -- some clutching unloaded AR-15 rifles, according to CNN affiliate WFMZ-TV.The event was led by Pastor Hyung Jin Moon at the controversial Sanctuary Church in Newfoundland.Guns were zip-tied at the door and ammunition was not allowed in the church, WFMZ reported. It said the Wallenpaupack Area School District moved students of a nearby elementary school to other campuses.  498

If you own a 2018 or 2019 Jeep Wrangler, get ready for a recall. According to documents posted to the JL Wrangler Forum, Fiat-Chrysler will soon be launching a recall that covers “certain” 2018-19 Wranglers because a faulty weld in the frame can cause a sudden crash.More specifically, the documents state some of the vehicles may have been built “with a front bar bracket weld located off the seam potentially resulting in the bracket separating from the frame.” If that happens, there may be a reduction in steering response, resulting in a crash without warning.At the time of this story, car owners had not yet been notified and the recall hasn’t been made official on the National Highway Traffic Safety Administration’s website, but the posted documents show dealerships are aware of the impending recall. Some of the vehicles involved in the recall have actually not even been sold yet, so dealerships are being told to withhold sales.  991

If you're a Cleveland Cavs fan there aren't many good things to say about Game 1 of the Eastern Conference Finals against the Boston Celtics on Sunday. Except for one moment that happened after the game. Marla Ridenour of the Akron Beacon Journal asked James what happened early on in the fourth quarter. This was James' response, which elicited applause in the press room. 401