by Bob Walsh
To no great surprise, PG&E has filed for bankruptcy protection citing massive potential liability from over a dozen wild fires over the last two years, the recent Camp Fire being the single biggest exposure with 86 dead and over 10,000 homes destroyed.
Celebrity utility attacker Erin Brockovich is leading the push to prevent PG&E from effectively declaring bankruptcy. How that would be possible I am unsure, but there are some interesting rules that apply to public utilities that do not apply to other forms of business so it might be possible for the legislature or the PUC to act to prevent this from taking place.
Either way my freaking electrical bill is likely to go up.
No comments:
Post a Comment