Author Topic: PCG - Pacific Gas & Electric  (Read 6739 times)

JRM

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Re: PCG - Pacific Gas & Electric
« Reply #20 on: December 15, 2018, 02:05:05 PM »
What a dumpster fire.  If true, people should go to jail over this.

https://www.npr.org/2018/12/14/677003961/pg-e-falsified-gas-pipeline-safety-records-regulators-say


alpha

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Re: PCG - Pacific Gas & Electric
« Reply #21 on: January 04, 2019, 11:16:12 PM »

LongHaul

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Re: PCG - Pacific Gas & Electric
« Reply #22 on: February 19, 2019, 08:58:40 AM »

Cigarbutt

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Re: PCG - Pacific Gas & Electric
« Reply #23 on: February 19, 2019, 05:05:46 PM »
Great interview on PG&E Bankruptcy
https://seekingalpha.com/article/4241884-cutting-pg-and-e-thicket-podcast?isDirectRoadblock=false
Thanks for the link.
My summary of the podcast---)
Three major risks:
-unaccounted for "punitive" damages and "fines"
-more fires that may end up as nagging administrative claims
-California "going further to the left"

Public ownership of assets appears unlikely (at this point) and whatever arrangement that may be suggested to the 'new' owners will need to be compared to the outcome if a similar arrangement were applied to the 'old' entity.
The invited speaker suggests that this is a "very simple case". I would say anything but.