[Erik Latranyi]

California will conduct a bankruptcy similar to the way Obama conducted the GM & Chrysler bankruptcies.....giving the unions everything while shafting every investor, regardless of their priority in debt recovery.

[PeterPrinciple]

California will conduct a bankruptcy similar to the way Obama conducted the GM & Chrysler bankruptcies.....giving the unions everything while shafting every investor, regardless of their priority in debt recovery.

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What Obama did was totally illegal. No one stood up for the situation. I think Trump will, through his campaign and the federal judicial system and executive system.

[srmanuel]

Exactly, that’s why no private company will come forward to buy the assets of PG&E, the current bond holders will get screwed and be paid a few cents on the dollar.

The Unions will get rewarded and the management will be whoever the politicians in California put in charge.

Even with GM and Chrysler after bankruptcy they remained a private company albeit with heavy government influence....

With PG&E I believe the State of California will end up owning everything.....

[usnavy_cop_retired]

Not sure if this is viable, but could the DOE, (using the Commerce Clause), take over the PG&E. Consider that PG&E electricity is exported into other states making it an interstate utility.

Would love to hear from attorneys on this.