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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) — Californians soundly rejected a costly ballot measure Tuesday that would have allowed more rent control as a way to alleviate the state's housing crisis.Proposition 10 trailed by a roughly 30-point margin with nearly 4 million votes counted.It was one of the most expensive and contentious items on the ballot, attracting more than 0 million in campaign contributions.Opponents said the measure would have lowered real estate values and further decreased the state's already limited housing supply by discouraging building. Supporters argued more rent control would protect low-income people from being priced out of their homes.The failure of the measure preserves restrictions on rent control on apartments built after 1995, single-family homes and condominiums. It also preserves rules preventing cities and counties from telling landlords what they can charge new tenants.California has a disproportionately high rate of homelessness, and nearly a third of California renters spend more than half their income on rent, according to the state's housing agency.In light of their defeat, supporters called on Gov.-Elect Gavin Newsom to freeze rent increases and pressure lawmakers to repeal the restrictions Proposition 10 sought to end."The burden to act returns to the governor and the Legislature, who should work to represent Californians, not Wall Street landlords," said Christina Livingston, one of the leaders of the Proposition 10 campaign.Newsom opposed the measure, but said he would work to address the housing crisis.The nonpartisan Legislative Analyst's Office predicted the initiative would have lowered the value of rental properties. Economic research generally shows that rent control benefits some individual renters but it limits supply overall and raises rents because it decreases incentives to build.RELATED CONTENT 1876

RICHMOND, Va - An EMT with the Richmond Ambulance Authority (RAA) is a one-of-a-kind essential worker to her family, and now she has the doll to prove it.April O'Quinn was one of five national winners in the "Heroes with Heart" contest, run by American Girl.Families were asked to nominate a hero fighting COVID-19 who risked their lives to help others during the pandemic.O'Quinn was nominated by her niece, Lacey, who lives in Texas. Lacey nominated her aunt after the EMT worker returned to work after recovering from COVID-19."The lung problems were probably the worst part for me. I couldn't lay down. I had to sit up. I slept sitting up," O'Quinn said.Emergency Medical Services seemed like the perfect fit for O'Quinn, and she didn't hesitate to return once doctors gave her the OK."She didn't hesitate for a moment," Lacey wrote on her contest submission, which was published by American Girl."I feel very fortunate that I only have the minor problems that I have and I can be back to work," O'Quinn said. "I like to get in there, help people, and then step back into the dark."O'Quinn got a phone call last month from Lacey with the exciting news."Lacey was on the other side screaming that we had won — I was in shock," O'Quinn said. "I had no words. I ended up crying because I couldn't say anything.""The excitement and smiles as she opened her hero doll were all worth it," she said.April is now one of five essential workers nationwide celebrated by American Girl."We at the Richmond Ambulance Authority are so excited for April and her niece Lacey. We're thankful American Girl held a contest to recognize our frontline heroes and are thrilled to have one of our employees represent EMS," RAA CEO Chip Decker said.The winners received a custom American Girl Doll and outfit in their hero's likeness and a 0 gift card."The stars and brightness in her face and eyes was amazing. It was all worth the pictures, even though I hate pictures," O'Quinn said.The review she cares about most is holding onto her doll thousands of miles away in Texas."It'll be something that neither one of us will ever forget. It's a bond that I'll hold with her forever," O'Quinn said.This story was originally published by Jake Burns on WTVR in Richmond, Virginia. 2267

SACRAMENTO, Calif. - California gas prices have gone up again.Gasoline taxes rose by 12 cents per gallon Wednesday to raise money for fixing roads and highways. It's the first of several tax and fee hikes that will take effect after lawmakers approved them this year.The move brings the state's tax on gasoline up from 29.7 cents per gallon to 41.7 cents per gallon. RELATED: State may hike gas tax even more in 2018AAA spokeswoman Marie Montgomery says the price increase will be mitigated because it coincides with the annual shift to a winter blend of gasoline, which generally reduces prices by about 6 cents per gallon.Diesel taxes will go up by 20 cents a gallon, and diesel sales taxes will rise by 4 points to 13 percent.RELATED: Poll: Most Californians oppose Gov. Brown's gas tax planThe tax increase has been highly politicized, with two Republican candidates for governor backing efforts to repeal it in next year's election.Wednesday throughout San Diego County, the average price of gasoline rose 1.6 cents to .066 a gallon. The average price is 3 cents more than a week ago.RELATED: San Diego neighborhood wants to pay more taxes to fix roads 1197

SACRAMENTO, Calif. (AP) — Californians will vote next year whether the state should issue billion in bonds for school construction and modernization projects.Gov. Gavin Newsom signed legislation Monday placing the bond on the March 2020 ballot. He says improving physical conditions in schools will improve students' educational experiences.Nine billion dollars will go to facilities serving students in pre-school through 12th grade. Two billion dollars each will go to the University of California system, the California State University system and community colleges.Local governments have to provide matching funds. But the state will provide a greater share of the money for districts with high percentages of low income, foster care and English learning students.Newsom says he's confident voters will approve the bonds. 838