California's largest utility files for bankruptcy in wake of wildfires

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PG&E cited hundreds of lawsuits from victims of a blaze in Northern California wine country and others in 2017 and 2018 when it announced this month that it planned to file for bankruptcy.

 

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Honestly, how does PGE4Me sleep at night? All those years of fleecing it’s customers with high rates and shirking their responsibilities to maintain their infrastructures, leading to disasters causing loss of life and so much damage to property. Shame on you.

My analysis from news and research is that fires were started by arsonsists seeking insurance money by fraud.

And they should not be allowed to. Enough bailing out the rich.

Giant company don't care.

PGE bill are double what SoCal Edison charges and they don't blow up gas lines and burn down half the state. PGE bills topped $1000 during the Enron debacle and profits galore while using PUC approved rate hikes for bonuses instead of maintenance.

Boo Hoo Liberals

They still live. More than so many who didn’t have a chance. Electricity only loses money. Families lost their hearts. Forever. Vankrupsy seems appropriate. They are still there. Just cost the Corp PEOPLE lots of dividends. Not lives.

GavinNewsom please do something ANYTHING about this. This is absolutely criminal. Break up the monopoly that is PG&E they’ve caused more than enough damage.

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Nation's largest utility files for bankruptcy in wake of wildfiresThe largest utility in the U.S. has filed for bankruptcy as it faces billions of dollars in potential damages from wildfires in California. GOOD they Should be SUED !! Pulling a Trump........ Oh my goodness this isn’t good
Source: NBCNews - 🏆 10. / 86 Read more »

PG&E, the nation’s biggest utility company, files for bankruptcy after California wildfiresThe company is under scrutiny for its role in the Camp Fire, which razed the small town of Paradise in November and killed 86 people. Uh, after it 'redistributed the losses from previous wildfires onto the CA ratepayers?' How does that make logical sense? Man I hope the state just takes over the utilities. Southern California Edison isn’t much better than these assholes. How many fires are they responsible for?
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