- Joined
- Dec 29, 2015
- Messages
- 45,404
- Reaction score
- 11,746
- Location
- Olympia Wa
- Gender
- Male
- Political Leaning
- Other
A Taste:
Well this is interesting..... PG&E is essentially already giving up on state leaders being able/willing to find a solution and are seeking comfort in our long very broken bankruptcy laws. To add insult to injury a brand new almost woman CEO that everyone was all proud of having in the chair because we allegedly have a shortage of women CEO's gets dumped.
Not Cool.
https://www.npr.org/2019/01/14/6851...ver-possible-liability-in-california-wildfirePacific Gas & Electric Corp., the parent company of California's largest utility, plans to file for Chapter 11 bankruptcy protection amid what could be billions of dollars in liability costs over the massive wildfires that have torn through California in recent years.
The company made the announcement Monday. Just hours earlier, PG&E said that its CEO, Geisha Williams, would be stepping down.
The state's fire agency, Cal Fire, determined in June that PG&E equipment had sparked 17 wildfires across Northern California in 2017. In 12 of those fires, the agency's findings were referred to the appropriate county District Attorney's offices for potential violations of state law.
And regulators are now investigating the utility's potential culpability in November's Camp Fire, the deadliest in state history.
If PG&E is found legally responsible for some or all of the costs connected to the 2017 and 2018 Northern California wildfires, its liability could exceed $30 billion, according to the company's filing with the Securities and Exchange Commission on Monday
Well this is interesting..... PG&E is essentially already giving up on state leaders being able/willing to find a solution and are seeking comfort in our long very broken bankruptcy laws. To add insult to injury a brand new almost woman CEO that everyone was all proud of having in the chair because we allegedly have a shortage of women CEO's gets dumped.
Not Cool.