Source: Law Daily Report (lawdailyreport.net)
Feel like frontier is next.
California gets closer to Detroitwith every bad decision.
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?
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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
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PG&E's imminent bankruptcy would put it in rarefied air alongside Enron and Lehman BrothersPG&E's impending bankruptcy would put it in notorious company, at least in terms of size.
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Exclusive: PG&E talking to banks on multibillion dollar bankruptcy financing - sourcesPG&E Corp is in discussions with investment banks about a multibillion-dollar fi... BOOM There goes the employees defined pension plans. No bailouts.
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PG&E may notify its employees this week of potential bankruptcyThe notice wouldn’t make a Chapter 11 filing certain and the San Francisco-based utility could decide not to proceed if its situation changes, a person familiar with the situation said. couldn't see this one coming 🙄 Oh, great story. This was a given. After the Butte Fire, the devastation wrought upon our state, upon the town of Paradise...this time the loss was just too great to overlook. PG&E needs be able to adapt to the changing climate — and it needs to do significantly better w/respect to our safety.
Source: latimes - 🏆 11. / 82 Read more »
PG&E said to be talking to banks on massive bankruptcy financingPG&E is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings. Someone is going to get FIRED Holy crap! This is beyond bad. 😬😬 Cali folks better get used to the dark.
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PG&E CEO steps down amid bankruptcy reports
Source: MarketWatch - 🏆 3. / 97 Read more »
California utility PG&E replaces CEO amid bankruptcy worriesEmbattled utility PG&E, facing potentially billions of dollars in liability over California's deadly wildfires last year, says CEO Geisha Williams has stepped down Hmmmm Not to worry.. She will undoubtedly get a nice golden parachute. There is no personal accountability anymore. ThanksTrump Women need to be barefoot and pregnant in a man's kitchen preparing meals, not running companies.
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CEO exits as PG&E faces fire liabilities, bankruptcy preparationsChief Executive Geisha Williams exits as PG&E faces fire liabilities, bankruptcy preparations by LianaBaker mike_d_spector Another headline might read: CEO Exits And Rakes In Million$ As Company Prepares To File Bankruptcy.
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