Who would invest in any California utility again if this goes bankrupt. If they don't do a bailout rates will go to the moon or no one will supply power.
I guess the taxpayers will pay again
Ahhh, this turkey, GavinNewsom will bail them out. Dems do not have to take responsibility for nothing.
His answer will be.......um...raise taxes?
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Federal Judge Proposes Restrictions On Unsafe PG&E Power LinesPG&E is under fire from many fronts as it faces the possibility of being found responsible for massive California wildfires the past two years. Corporate death penalty Um I think using unsafe power line anywhere would be illegal not a proposal Wait a second. CA fire season is now all year long.
Source: NPR - 🏆 96. / 63 Read more »
PG&E Plans To File For Bankruptcy Over Possible Liability In California WildfiresThe utility says it could be facing tens of billions in liability costs connected to the 2017 and 2018 Northern California wildfires. PG&E also says its CEO is stepping down. Yeah. You told us 12 hours ago. God forbid they should accept responsibility and pay for the damages and lives they cost. Time for bankruptcy law reform to prevent companies from using this move to escape justice another soon to be TaxPayer funded Bailout EpicFail for California Greed accountability
Source: NPR - 🏆 96. / 63 Read more »
PG&E Enters Bankruptcy Protection After California Wildfire FalloutPG&E said it plans to file petitions to voluntarily reorganize under Chapter 11 bankruptcy proceedings, a day after the company’s CEO stepped down over the financial fallout spurred by its role in helping spark the California wildfires. Screw over tax payers by causing massive wildfires. Screw tax payers over again by forcing them to pay for it. Continue to screw taxpayers over by charging them more for energy in order to pay back all the damage they caused. The rich at the top of this scheme stay rich. Bullshit how a company can avoid responsibility by filing bankruptcy. NoahCRothman Is that the company that poisoned all those people’s water in Erin Brockovich?
Source: WSJ - 🏆 98. / 63 Read more »
PG&E to file for bankruptcy following devastating California wildfiresThe energy company could be held liable for more than $30 billion. Remember the good ol days when public utilities were owned by THE PUBLIC and not investors who only care about profits? AGBecerra Please file murder charges against PG&E executives despite their BK. Thank you!!!!! I'm confused... Trump said it was California's fault for 'mismanaging' forests so it has to be true. Someone must have forgotten to like, paint all California vegetation with flame retardant 😤.
Source: washingtonpost - 🏆 95. / 72 Read more »
PG&E prepares bankruptcy filing after California wildfiresPG&E Corp , owner of the biggest U.S. power utility by number of customers, said... Ah the DJT way.... Despicable I don't see another solution besides for the rates to skyrocket. While it is not PG&E's fault that northeastern California gets less summer rain because of the climate crisis, still they must now be proactive about upgrading the state electrical system. It takes money. They'll just dump the task on some other company. No one plans ahead for things anymore. Its patch this and rig that. Then hose your customers for profits.
Source: Reuters - 🏆 2. / 97 Read more »
PG&E to declare bankruptcy amid multibillion-dollar liability claims for its part in California wildfiresEmbattled California utility PG&E announces it plans to file for bankruptcy, seeking Chapter 11 protection amid billions of dollars in liability costs related to the company's role in wildfires, including last year's Camp Fire, which killed 86 people. If only they'd invested in rakes! Same old play... let’s see how California crazies themselves out of this one...😂 That's not good.
Source: NBCNews - 🏆 10. / 86 Read more »
PG&E Plans To File For Bankruptcy Over Possible Liability In California WildfiresThe utility says it could be facing tens of billions in liability costs connected to the 2017 and 2018 Northern California wildfires. PG&E also says its CEO is stepping down. Yeah. You told us 12 hours ago. God forbid they should accept responsibility and pay for the damages and lives they cost. Time for bankruptcy law reform to prevent companies from using this move to escape justice another soon to be TaxPayer funded Bailout EpicFail for California Greed accountability
Source: NPR - 🏆 96. / 63 Read more »
No. 1 U.S. utility PG&E prepares bankruptcy filing after California wildfiresPG&E Corp , owner of the biggest U.S. power utility by customers, said on Monday... Privatisation - such a ‘way to go’! NOT Ducking responsibility for deaths of so many people because of negligence? Pretty hard to get blood from a rock. Especially when they’re in bankruptcy! While it will be terrible for the employees who will suffer from their wrongdoings, PG&E deserves it for all that they have done. Karma has finally completed her job.
Source: Reuters - 🏆 2. / 97 Read more »
No clear path for California as massive PG&E utility nears bankruptcyPG&E Corp's announcement that it will file for bankruptcy, citing massive p... Good practice for when the whole state of CA goes broke. But on the bright side, California’s leaders made sure we can’t get a straw or a plastic bag at the grocery store! Leadership in action! shut the entire state down. its a disaster under liberals.
Source: Reuters - 🏆 2. / 97 Read more »