PG&E Will File For Bankruptcy

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    • #12215
      Snort McDork
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      • Total Posts: 3,904

      PG&E, the state’s largest utility, said Monday it will file for bankruptcy on January 29, after a 15-day waiting period required by California law. It needs to use the bankruptcy process, which will allow it to shed some of its debt, to pay for damages and stay in business to provide gas and electric service to its customers.
      Shares of PG&E (PCG) plunged 48% when the market opened Monday.

      https://www.cnn.com/2019/01/14/business/pge-bankruptcy-wildfires/index.html

      I’m glad their stock dropped. They should be out of business as far as I’m concerned. Haven’t forgotten them poisoning people in Hinkly.  Do you remember Erin Brockovich?

      I'm Snort McDork and I approved this message.

      "I like birdy num-nums"

    • #12221
      Pastiche
      Participant
      • Total Posts: 370

      The Brisbane explosion in No Cal is the most recent f uck-up I remember them about PG.

      Hinkly was many moons and many f uck-ups ago.

      “We’re about to have an election in which Incompetent A is going to be contesting with Incompetent B when both of them have demonstrated nothing remotely like any shred of adequacy to the scope of the problems we face.”

      Richard Wolff

    • #12255
      Mr. Mickeys Mom
      Moderator
      • Total Posts: 4,291

      I hope someone makes this even more newsworthy by interviewing Erin Brockovich.

      Hell, no... I'm not giving up...

      • #12276
        NV Wino
        Moderator
        • Total Posts: 5,855

        Actually the 2017 fires in and around the Napa Valley, and the 2018 Camp Fire are the most recent f u c k ups and what is sending them into bankruptcy.

        On another note, it looks like SoCal Edison is responsible for the Woolsey fire.

        These greedy monopolies need to be broken up and sold to smaller local entities. Their boards of directors need to be thrown in the pokey… for a loooong time.

        “As we act, let us not become the evil that we deplore.” Barbara Lee
        “Politicians and pro athletes: The only people who still get paid when they lose.” William Rivers Pitt

      • #12278
        NV Wino
        Moderator
        • Total Posts: 5,855

        Oops. Replied to wrong person.

        “As we act, let us not become the evil that we deplore.” Barbara Lee
        “Politicians and pro athletes: The only people who still get paid when they lose.” William Rivers Pitt

    • #12374
      Rex
      Participant
      • Total Posts: 154

      Another neo-libertarian failure. They prattle on about sociali-sm while pretending a corporate nation would run just peachy keen!

      I’m old enough to remember when PG&E only f*cked up American elections. Massive incompetence all across the board? The American way!

       

      Forcing people to work without pay is akin to slavery.

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