[Cvengr]

That’s not how bankruptcy works. Shame on Fox Business News.

[trebb]

Cost of electricity will quadruple and brownouts/blackouts will become the norm for Kalifornians. And that’s just the first year.

[realcleanguy]

So, first Gavin re-allocates (Steals) money for the DMV tax to repairs roads and shifts it over to the High Speed Rail, now he is going to take over PG&E? We are going to become just like Venezuela soon

[silverleaf]

Really wanna see PG&E run by state employees?
And contractors made rich by connections to politicians?

Wanna see how they handle insurance and legal claims?

[Ken H]

Added Calizuela to keywords.

[ThePatriotsFlag]

Amazing...pass laws that bankrupt them, then ”nationalize” them...why can’t people see the beginnings if socialist Venezuela in this?

[TexasFreeper2009]

this is actually GOOD news! the quicker the left takes over completely the quicker California will FAIL and maybe then, just maybe enough might see the light to bring Republicans back to power (no pun intended)

[hal ogen]

Yeah...that’s the answer. Put the LIB nitwits who have destroyed the state in charge of the utility company. What a clown-car crash. Good luck, californians. The only suggestion is that if you are a scum-sucking LIB, don’t move here. You are not wanted.

[HangnJudge]

PG&E Should just declare itself insolvent, bankrupt, and dissolve its holdings.
Let California deal with the consequences of their misbegotten decisions

[SkyDancer]

Califzeula governor will fine PG&E to stop the fires. That should take care of the problem.

[Drango]

California did so well on managing the bullet train.

[headstamp 2]

California will soon be a soviet state. Going full on state run communism.

[ptsal]

Greaseball Gavin and his clan of merry fools are simply NOT capable of managing anything.

[mjp]

First put onerous regulations on the Utility Companies, then when the wildfires happen and burn down hundreds of homes, the legal damages cause the Utility Companies to go bankrupt resulting in Government run Utility Companies....which putting the Government in the business of owning utility companies will solve all the problems.

central planning + narrow political incentives and decisions + statist bureaucratic management + state ownership & state control + statist monopoly = economic chaos + destruction + inefficiencies + waste = disaster & catastrophe & misery

[usconservative]

The speed at which California is being de-modernized and made to look like Venezuela is breathtaking.

So glad I don’t live there.

[Phillyred]

Going full Venezuela! Wow. That was quick.

[ZOOKER]

Lucky for native Californians they have imported experts in third-world living.

Making houses out of mud, washing clothes by beating them on rocks, working in the hot sun without A/C - all valuable survival skills in the coming era.

[bk1000]

Let’s all chip in for some squirrel food to keep the power on at FR when the grid goes down.

[Da Coyote]

I cannot wait for the inept poorly educated idiots of the CA gubmit to run the power company. Today’s blackouts will be wished for compared to the upcoming apocalypse.

[G Larry]

The Guv will plunge California into complete chaos with his incompetence.

Wayne Allen Root summarized the problem nicely:

https://townhall.com/columnists/wayneallynroot/2019/11/02/anyone-want-to-play-poker-n2555778

"California is burning and blacked out because of insane liberal policies.

First and foremost, ..., hundreds of billions of dollars have been wasted over the past 20 years paying for the costs of illegal immigration instead of upgrading and modernizing the California electric grid.

The secondary cause for California's nightmare involves environmental policies that won't allow brush clearing or cutting down dead trees.

The third cause is climate change mandates that force utility companies to waste billions of dollars annually on green energy."