I still don’t understand how the Californian government bailed them out when they were bankrupt, yet they were allowed to remain an independent company? Why didn’t the government take full control?
Electricity in cities in the Bay Area that have their own municipal power company (like Palo Alto and Santa Clara) is literally 1/3 the cost of PG&E.
Fuck them. If there was ever a case to be made for government owned utilities (and like why is that even a debate in the first place?) these assholes would be the poster child.
I still don’t understand how the Californian government bailed them out when they were bankrupt, yet they were allowed to remain an independent company? Why didn’t the government take full control?
Electricity in cities in the Bay Area that have their own municipal power company (like Palo Alto and Santa Clara) is literally 1/3 the cost of PG&E.
FUUUUUUUUUUUCK PG&E
Fuck them. If there was ever a case to be made for government owned utilities (and like why is that even a debate in the first place?) these assholes would be the poster child.
Because the governor owns a looot of shares. It’s just basic blatant corruption.