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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

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

SACRAMENTO, Calif. (AP) — California plans to release another 3,100 inmates and in total will release more than 10,000 state inmates early in response to the coronavirus pandemic. In all, California's efforts could free nearly 10% of prisoners as Gov. Gavin Newsom responds to intensifying pressure from advocates, lawmakers and federal judges. His latest effort will soon free about 3,100 inmates by granting most a one-time three-month credit. It follows other measures that are expected to quickly lead to the release of about 7,000 inmates six months before they normally would have been paroled. The 12-week credit applies to every inmate except those who are on death row, serving life-without-parole, or who have a serious recent rules violation. 761

SACRAMENTO, Calif. (KGTV) -- A new California bill would require some retailers to have gender neutral floor space inside their stores, Politico reports. The bill, called Assembly Bill 2826, was introduced by Assemblymember Evan Low, a Democrat from Campbell. According to Politico, retailers would be able to sell the same products, as long as they dedicate space where customers can find clothes and toys regardless of whether the items have been marketed to boys or girls. “Keeping similar items that are traditionally marketed either for girls or for boys separated makes it more difficult for the consumer to compare the products and incorrectly implies that their use by one gender is inappropriate,” the bill states. RELATED: California bill would exempt military retirement pay from state income taxThe bill stipulates that the rules would only apply to retail department stores with 500 or more employees. If passed, retailers who fail to follow the new rules would be liable for a civil penalty beginning on January 1 of 2023. Click here to read the full text of the bill. 1091

Ride-hailing company Uber is offering people free and discounted rides if they need a lift to and from a COVID-19 vaccination appointment.In a press release, CEO Dara Khosrowshahi said the company offers 10 million free or discounted rides to ensure people get vaccinated, especially those who face a barrier getting there.Khosrowshahi said they are partnering with the National Urban League, the Morehouse School of Medicine, and the National Action Network because the organizations are tied to communities of color that have been "disproportionately hurt by the pandemic."A date when this is to kickoff has not been announced. 637

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