This is all very ironic.
So, now in bankruptcy court, where you can shed contracts that don’t work, PG&E wants to shed all those very expensive contracts for alternative energy to remain viable.
Three choices:
1. Let PG&E reorganize and get rid of these overpriced, green contracts (mostly with California insiders), set up a fund for the fire liability, and provide electricity competitively priced, or
2. Pass through the exorbitant costs to the users, so they will have the most expensive energy in the country (but it will be green! kind of), or
3. Turn off the lights, the party is over - literally.
Wonder who wins?
(Damn, 4th choice - Federal Bailout! Nah, not with Trump in office.)
I predict that the State of California will take over PG&E. Won’t improve reliability nor reduce costs. What I want to know is if the law holding PG&E liable for damages from wild fires, even if they were not negligent, will be applied to the new public power entity. Now that will be interesting.
Wonder what the judge will do with all that FEMA disaster relief funding they have in their “foundation”? Or, did that get transferred to the Obama Foundation already?