California lawmaker introduces bill to make PG&E a publicly owned utility

) a publicly owned utility, a year after liabilities from wildfires traced back to some of its equipment pushed the power producer into bankruptcy.

“Today I’m introducing legislation to force PG&E to become a publicly owned utility,” California State Senator Scott Wiener said on Monday, adding it was time for a new approach at the utility company. “Changing the structure of the company would not create a safer or cleaner operation. Recent takeover attempts have largely failed due to a range of factors,” the spokesman said.

Newsom last month rejected an earlier PG&E reorganization plan saying it lacked major changes in governance and tougher safety enforcement mechanisms mandated under a recent state wildfire statute.

No

Where is John Galt?

Good idea. Having it be a for profit just seems to have resulted in a lot of fires.

Good idea, the state can’t run it any worse than a for-profit company and may in fact run it better.

Soooooo. A bailout?

Wait now are the taxpayers on the hook for what they do? Are the politicians going to take the blame for rate hikes and fire damage?

A test? Fascist California is trying to test the waters? Again? If they get one, they'll get them all.

I thought all the talk about California being a socialist dystopia was a joke. Guess not.

Won’t that make the public responsible for all the PG&E disasters?

Isn't that called nationalization? They did that in Venezuela.

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