Posted on 09/09/2019 3:43:34 PM PDT by BenLurkin
The utility is set to submit Monday its plan for getting out of bankruptcy. The company is expected to outline Monday how it plans to repay billions in liabilities from the 2017 and 2018 wildfires.
PG&E said in a statement selling assets to San Francisco wasn’t in the best interest of its customers and stakeholders.
(Excerpt) Read more at ktla.com ...
Chicago and Boulder want to become their own utilities too. It is another source of money while they neglect the infrastructure.
Heck, I would sell it to San Francisco immediately.
A city that can’t manage poop and urine surely can manage their own power grid, right? But one that declares the NRA a terrorist organization knows what it is doing in managing power and lights.
They can buy it back in 5 years at half the price.
Handing the power grid over to the.politicians to run who cannot figure out how to pick up a turd, what could go wrong?
City service is the bread and butter of PG&E. Much cheaper and easier to support a city grid than a spread out rural one. A hundred paying customers per square mile vs 10.
City council members want the grid for greed, nothing else.
Sell it and let the government run it...BWAHAAHAAA!
I hope that happens!
Are they going to “nationalize” it, guess that would be “citiize” it, just like third world countries do to corporations when they think they are collecting “easy” cash?
I agree.. You talk about a real cluster.! Wow..
It would be fun to watch what happens at night when the lights go out in the city, for like two or three days... :)
Funny. Mass criminal ineptitude trying to buy the same....a rather bizarre caper.
Even if they buy the grid, they still need to buy the electricity. Are they going to buy it from PG&E?
This is actually a good thing.
There is nothing Democrats touch that turn out good. It is only a question of time before the infrastructure begins deteriorating for lack of maintenance and then one day the power will go off and they will not be able to get it back on again.
All those Corporate Headquarters will be sitting in the dark wondering how it happened.
They would immediately go into the phone/internet business and crowd the others out.
I think I will go watch Atlas Shrugged again, I have all 3
“...Even if they buy the grid, they still need to buy the electricity. Are they going to buy it from PG&E?...”
I’d sell it to the greedy SOBs and immediately cut em off the PG&E feed....sometime until “further notice”....LOL
I would too. Apart from the liability they would be losing, the idea of San Fransisco losing power has all sorts of potential side benefits to the world.
Exactly.
Novice politicians running the utility,... what could go wrong?
Look at your highways and figure it out for yourselves.
Will blame Trump and Republicans when they fail at running it. They’ll increase rates and tax those rates while the whole thing collapses; SF back to candles and kerosene lamps.
2.5B the toilet city by the Bay does not have.
The power doesn’t originate IN the city. What a crying shame if the transmission connection at the trunk repeatedly failed. It would be awful to have to charge the city owners confiscatory rates to repair and to maintain connection.
Interesting. These eco conscious cites have declared that they want to be carbon free by 2030. What are they going to generate their power from? Solar? Wind? Human poop? They certainly have a generous supply of that.
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