California governor says if PG&E doesn't get itself out of bankruptcy the state could take it over

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The state of California could take over Pacific Gas and Electric if the utility company does not pull itself out of bankruptcy by June 2020, California Gov. Gavin Newsom said

The state of California could take over Pacific Gas and Electric if the utility company does not pull itself out of bankruptcy by the middle of next year, California Gov. Gavin Newsom said in a news conference Friday.

"PG&E as we know it may or may not be able to figure this out. If they cannot, we are not going to sit around and be passive," Newsom said."If Pacific Gas and Electric is unable to secure its own fate and future ... then the state will prepare itself as backup for a scenario where we do that job for them.

Newsom has been among the critics of the preemptive shutoffs. "We cannot afford the kind of PSPSes we've experienced over the course of the last week. We had people out in some circumstances for one full week without power," Newsom said."You gotta consider the life impacts of these power cutoffs."Pacific Gas & Electric crews work in Vallejo, California.

 

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I still remember the San Bruno gas explosion caused by criminal malfeasance of pge. This corporation can not be trusted.

Why wait

Oh boy, you think things are bad now, just wait till the liberals take over a utility.

It's time for a PUBLIC green energy system.

So much damage done, lives lost and people living in fear. All due to corporate greed and neglect. This should have been done years ago! Take control and stop the inferno!

Why are they even getting a chance to come out of bankruptcy? So they can give windfalls to execs and shareholders while ignoring the decaying grid? Gimme a break. Newsom is responsible here too - there has been no oversight of this corrupt utility for years.

This needs to be done. But what about So Cal Edison and SDG&E?

Gavin Newsom run a utility? He’s already destroying California. How worse can things get?

Big mistake the State of California is broke. No money to spend on infrastructure of aging PG&E Electrical. Much less come up with the money to put underground.

Cc drvox - hoping this will interest you. Not tagging to troll; still interested in a conversation about this.

Yesss!!!!

they're ours, no reason to wait

Great. Cause we all know how California government works.

I would imagine with all the grow ops in California the energy company would be doing pretty good

Praying for you Gavin!

Do it now Gavin.

Fidal Newsom say what?

The big sigh of relief from CA electric customers thinking of Newsom running the utility will fan the rampant fires all over CA! CA residents flee while you can. Just leave the liberalism behind, please!

GavinNewsom do it. Do it now.

Communism taking OVER. It’s why old BERNIE SANDERS IS SO HAPPY. Democrats better VOTE THEM OUT OR YOUR LIVES WILL BE CHANGES FOREVER

We will see how that goes

California should sink into the Pacific Ocean 🚽

I hope he follows through on this.

Imagine the CA_DMV running anything !!!

It's time to make it a public utility.

Do it now!

bootsie5 The governor of California should give them less than 2 months to get their asses out of bankruptcy, paying for massive repairs, or lose all of the assets they own, and force them to keep the debt, while taking over resources.

I wonder what could possibly go wrong with that?

An insolvent state threatening a bankrupt company lol. California is a joke.

Sounds about right- Government controlling every thing and they have been doing a great job running CA into the ground already...

About time this happened. Gross incompetence and negligence caused people to die

Is this the kind of threat my mom would give when I talked back? 'I'm going to take away the car!' Sure, then you can drive me and my sister around, which I know you won't do.

That's good? Newsom has done a terrible job managing the state. The recent fires are a prime example. Fake news

So many people here that don't realize that this won't be the first publically owned utility company in the US, not even the first publically owned electric utility either.

So advocating for state own infrastructure companies, is that what communities regimes like China and Russia strive for?

The state of California is what caused them to go into bankruptcy. Everything you Leftists touch turns to crap.

Hilarious😂😂😂. California dictatescall their decisions already. This will just formalize Dem responsibility for the disaster that is California’s power system. More high quality Dem governance🤣🤣🤣🤣

Just do it now.

Is your TV watching you trump helps cost American kill with satellite big business Tim Bob 150 more dead and counting can scan mind

Jesus, took him long enough

Just do it now.

Why wait?

he better do it or we're gonna sick Bernie on him!

Yes. Complete socialism. Be the example and warning for the rest of the country so we can shun away from this destructive idiology for at least another 20 years.

The state caused the bankruptcy because of the wildfires. Then when Pacific Gas and Electric gets proactive and turns off power to avoid damage it is crucified .... Yep, let the state take control and you better stock up on candles ... lol.

Thank God, cuz California is doing such a bang up job running itself.

California caused the mess at PG&E through mismanagement of the forests at the beckon call of environmental extremists. What possibly could go wrong having the very same government which created this mess to take over PG&E? California liberals deserve exactly what they get.

All other companies residing in Ca take note and beware!

The state of California will now take the success it's found removing human feces and drug needles from its streets and apply the same strategies to your power grid!

California has done so well with other things, homelessness, drugs, taxes, etc.

The start of socialism! Venezuela!

State/Gov’t Controlled Healthcare and Now Utilities...Should Not look to California Policies for States across Our Country...California GavinNewsom Can’t Control their High Taxes, Gas Prices, Homelessness, and now Wild Fires-Need to Look Inward, Not Blame

Never privatize power

California is like its own 3rd world nation!

And the overtake of the government continues

Yeah! Socialized electricity!! Everyone in CA gets 5 hours of electricity a day, 8 if you're an illegal and 24 hours if you're in the Government/Hollywood. Brilliant! Let's do water next!

Get rid of theprofit motive, fix PG&E

Cuz CA govt has proven so efficient and effective. GMAFB.

Really and do want !!!! So now there are electrical distribution experts wow

Communism is moving ahead. California is the canary in the coal mine. Wake up, America!

That’s what Cali needs. A government run utility. When can a government be sued for monopoly?

Governors, moonbeam and newsome have allowed the environmentalist to prevent the clearing out of kindling from wooded area’s. The crooked politicians and environmental zealots are fully responsible for the destruction of homes and wooded lands, not the power company.

Screw That Socialism Governs utilities,health care and illegal immigration? Hell No

Ohhhhhh that will go well. A bunch of sernaged hippies who know nothing of how to run a business trying to run a huge power company.

Very good decision...PG&E has seduced this power-hungry governor into a govt takeover of business😂😂😂....Hollywood is next!

I wouldn't believe anything he says.

MakeAmericaCleanAgain ScottPresler ❤️

California knows how to keep out of Bankruptcy?

Yeah Let the government run it. They would do such a better job....lol

Sure, go ahead. When you fix that problem, then hell will be just about frozen.

Whoa ...if CA Governor and their leaders take over....Lights out for good....

Sure California will run PG&E as well as they did their High Speed Rail.

. why is California waiting? PG&E apparently is unwilling/unable to modernize its network in a convincing way; short of funding the current problem get worse day by day. Waiting for June 2020 means further unnecessary damage for the people in California

Can’t get much worse than the morons running it now..

Blame Democrats, Not Climate Change, For California’s Fires, Blackouts …

I'm from the future. cali becomes venezuela

That’s not good California can’t even run it’s self. Thank god I am on Edison

Same CA that declined their $4.5B request to improve infrastructure that could prevent forest fires? This why nobody respects you. FakeNews

When are California’s politicians going to be held accountable?

Wasn't it the state that sued them into bankruptcy ? Morons..

Oh my God, state government of California taking over a utility company... what the hell could go wrong? 😣🤐😫

Democrats looking for something to blame climate change on the LIVE ELECTRICAL WIRE FALLING onto the ground sparking a fire, CLIMATE CHANGE. Get REAL. The Democrats and their climate change, thank God they have snowflakes that believe them.

The most California thing ever.

Wonder what that will be?

Ya cause California runs things well 🤦‍♂️🤦‍♂️🤦‍♂️ that state is HOPELESS for recovery unless they remove those democraps from office. Dems ruin every state slowly with their ridiculous policies and PC Culture.

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California Governor Threatens State Takeover of PG&ECalifornia Gov. Gavin Newsom is threatening a state takeover of PG&E unless the company exits bankruptcy and dramatically improves the safety of its electric grid before the next wildfire season. Oh wow. Sounds much safer. Because California has managed everything else so well. The State created this mess, now they blame PSEG? CA cannot even clean their streets of feces, how would they ever run a Power Co? CA is a 3rd world nation!
Source: WSJ - 🏆 98. / 63 Read more »