their NET last year was $1.66B... it should come completely out of their profits till it's paid and not one penny from customers rate increasesMore in depth piece of article here at USnews.com:
Yep.
Lektrik and gas through the roof ...
California is a beautiful, resource-rich state utterly ruined by lousy government. What a shame.
People wanted power in the forests. They got it.
PG&E needs to refer it to the great State of California, which has prevented the company from clearing. The state has done the same with the phone company. People in these remote places want services, which is fine, but the forest policies no longer let the companies clear or even let the residents make fire breaks.
Absolutely.
And if those taxpayers are tapped out, I’m sure the wet-noodle Congress won’t hesitate to pick the pockets of the taxpayers in the other 49 states!
Too big to fail....
So what happens when the Peoples’ Republic takes over PG&E?
When people find out the role smart meters played in this holocaust the manufacturers will be toast.
If one thinks this through; one will see it was a tragic comedy of incompetence to allow the forest growth and density due to poor management. This includes a lack of fire ring barrier around the city limits and the density of trees inside the city limits.
Maybe the spark came from a transformer but the continued burning all the way through the town was caused by many people; including the Sierra Club who worship the tree bark like the knot heads they are. Will they also be sued? What about the politicians who made this possible by passing bonehead legislation? Will they be sued into bankruptcy?
their NET last year was $1.66B... it should come completely out of their profits till it's paid and not one penny from customers rate increasesPG&E’s ratepayers better hold onto their wallets.
Let me guess what we will likely find out.
Environmentalists denied PG&E the ability to make their power lines safer by clearing trees around them for example.
I haven’t heard this yet, but expect this scenario could be true.
What territory does PG&E cover? I remember we had it in Sacramento but a different provider when we moved to Southern CA. Just curious.
The California taxpayers will be required to bail out their public utility.
That’s just the way it is.
There are literally millions of miles of overhead linesin California & elsewhere.
Those lines cannot be all put underground-—especially in earthquake areas.
The winds are not the fault of P G & E. Trees falling or breaking branches are NOT the fault of PG & E
IF you were in charge at PG & E, what would YOU do?
The power companies are already shutting down entire areas to active power when the winds are too high. For as many as 2 days at a time...to lessen their exposure to more lawsuits.
PG&E should sue the state and Sierra club for the equivalent of corporate manslaughter.
I find it curious that Paradise is
just north of Oroville lake, which
had it’s dam nearly wiped out in 2017.
It is a hydroelectric generation
facility.
I can hardly wait to see how JK Simmons spins this one on the next State Farm commercial