California's biggest gas and power company is in multibillion-dollar bankruptcy talks after last year's devastating California wildfires

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California's largest utility, PG&E Corp, is considering bankruptcy after the state's destructive wildfires last year.

Source: News Formal (newsformal.com)

 

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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.
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PG&E's Bankruptcy Was Predictable And Could Have Been Prevented With Distributed AssetsWildfires may be the immediate cause of PG&E’s bankruptcy but an outdated regulatory system is also a factor. As such, PG&E’s financial and legal woes could have been mitigated not just by having better oversight but also by making more investments in distributed generation and delivery. PG&E could have performed regularly scheduled maintenance instead of putting profits over 86 lives. That would have avoided bankruptcy. Next question, can they avoid prison? California gets closer to Detroitwith every bad decision. Feel like frontier is next.
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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 Says Federal Judge's Safety Plan Is Not Feasible And Too ExpensiveThe utility company is trying to convince a federal judge to modify a wide-ranging proposal to mitigate wildfire risk. PG&E is also seeking bankruptcy protection. PG&E, This is the 'Responsibility' part of your association with the People of California. Yes, ITZ gonna Co$t you, Some of the Profit you Demanded From Citizens for your services. Karmaz a bitch, No? Yup figured that. Systems is way outdated and we waited way to long to change the government needs to step in a fund a more safe grid.
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PG&E Is Just The First Of Many Climate Change BankruptciesPG&E was the victim of multiple random acts of climate violence. It could have been better prepared but could not have, alone, saved its customers, investors, creditors, etc., from these consequences of climate change. If we hold companies liable, expect many more climate change bankruptcies. Who knew that the G in PG&E really stood for Godzilla..That's the biggest fire-generating company I've ever seen.. - PG&E is just the 1st of many climate change bankruptcies Not to be confused with deferred maintenance and mismangement
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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.
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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 😤.
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