Good story. Buying stock in a company that you have experience with is a good idea.
The odd thing about what is going on here in California is that the power outage is not accompanied with any natural disaster. No hurricane, no flood, no earthquake, no fire. So the disaster IS the power outage.
My cynical view is that PG&E is doing this so that the Calif. Public Utilities Commision will force them to leave the power on. Then if something happens it is the PUC’s fault and liability.
This is a direct result of decades of land management policies in California. PG&E was prevented from proper maintenance on their lines and those areas around the power lines and the rest of the state were allowed to get choked with dead trees and brush. When the disaster of the fire last year happened, and they blamed it on PG&E it bankrupted the company. On the hook for billions. I would not be surprised if it happened again that criminal charges would be filed against the executives particularly if lives are lost.
California is reaping the results of decades of stupid policy decisions.