why doesn't the state buy it?
Posted on 10/28/2019 6:43:03 AM PDT by Eccl 10:2
Shares of PG&E Corp. plummeted on heavy volume to a record low Friday, after Citigroup warned that the latest California wildfire, which the utility may have helped start, could render them worthless.
PG&E PCG-28.5% said Friday that it filed an incident report with the California Public Utilities Commission (CPUC) regarding the “Kincade” fire, which broke out near Geyserville in Sonoma County.
(Excerpt) Read more at marketwatch.com ...
How much of the public employees retirement fund is in PG&E stock? Hmmmmm?
“Won’t be long and insurance companies will refuse to cover houses and businesses in Ca. altogether.”
that’s actually already started happening ... news articles this past week about that ...
OK, I should have looked at the names closer, Thank you
Lots of bush clearing backlog to be done. Huge work’force needed and broke CA couldn’t afford to pay for it even if they wanted to do it. Solution is to draft their welfare population to do the work. Plenty of them for the job. They’re already being paid, just not working.
Gov Newsom is wanting Warren Buffett to buy PG&E.
He will but only when it is declare worthless.
https://freerepublic.com/focus/f-news/3789593/posts
why doesn't the state buy it?
Ought to be a law.
I have posted a few times that Republicans need to get into these areas that have fires, and are having their power turned off, and start explaining it to people. Have registration drives where the power is off. This is a massive opportunity for us.
Wasn’t PG&E intertwined with ENRON at one time? Talk about dumpster fires geez.
If they do that, and it is likely, they will route the money from utility bills paid to the pension systems to fund them, while continuing to not maintain the electrical grid.
I told people that had ENRON...when it was a $100 stock to get out....Most did not...went down with the ship.
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