Good luck with that one, Newsome. Buffett may be a Democrat. But he’s no fool.
This was all staged so the socialists could take over another industry.
PG&E is heavily regulated by the California Public Utility Commission.
PG&E was forced to use funds for T&D maintenance for alternative energy programs.
Now that it is collapsing, the socialists blame PG&E.
It will be taken over by the state. Mark my words.
Cuomo is setting up National Grid in New York the same way with natural gas.
It has no assets other than the power lines.
They have closed two power plants, solar is a failure and they are looking at constant law suits.
Buffet invests in things he understands.
Insurance and real estate.
Newsom has the right idea. But he is picking the wrong target. Instead of Buffett, Newsom should be approaching prominent billionaire liberals like Bill Gates and Jeff Bezos.
Then get Bernie Sanders to oversee the transfer of funds.
Its just like China’s announcement that they encourage foreigners to buy into their finance sector. Stupid leftists and statists are ever thus.
Hey Gavin - you’ve got a highly political, corrupt, bloated bureaucratic, bankrupt business for sale? Where do I sign up?!!
So, the guy who leads the state that hates people with money wants a guy with money to solve their problem? Irony.
Newsroom is nervous because all the PG&E stock that CALPERS owns is quickly approaching zero dollars.
...and Caifornia sinks deeper and deeper into the Third World.Ascendency is sometimes hard, but the positive attitude in it keeps everyone going. The phase of abundance is wonderful! as we who lived through the 1950s can affirm. Decadence is an increasing descent into misery, and the dark age that follows is nothing but misery.
Newsome thinks like a 12 year old.
My Dad worked for Iowa Power and Light for 44 years before retiring. Warren Buffet now owns the company. I can’t imagine Buffet buying PG%E and being liable for the disasters yet to come.
It’s best to break it up into regional organizations and deregulate it while sending out teams to pre-burn and clear troubled areas.
Of course, California would never have the sense to do this.
I used to own PGE, wayback... Wayback.
The thought crossed my mind earlier this morning, seeing it at $3 and change. Then, I said... “nope”.
Tard Wars, Help us Obie Won Buffett, you’re our only hope.
Socialists scrambling for a capitalist’s life raft as their state sinks.
Buffett is not as stupid as you!
PG&E’s revenge.
The age of hysteria helps too.
Last week Newsom was calling for an investigation into the high gas prices since people were paying over $4.00 a gallon and now he’s all but begging Warren Buffet to buy PG&E. To me this is an admission from another Soyboy leftist that he’s starting to feel a little political heat. California will be solid blue for years to come, but it ought to be the economic powerhouse of America instead of the Third World s**thole the left is turning it into. I tell my leftist cousins who live and work in and around the Bay Area, and are starting to complain about the homeless fouling up their city, that this is all gonna end up on their doorstep because of the people they continue to vote for- the RATS!
Cut down all the trees and forest and develop the s—t out of CA.
CA has tons of land just sitting there.
I always thought that when they cut off water to the central valley it was a way put farmers out of business so their (the democrats) friends could come in and buy the land cheap. At which time the water would be turned back on.
Over regulate an industry, sue them into bankruptcy and then some super liberal buys it up for pennies on the dollar. Like a hostile takeover, PG&Es assets will be plundered and then left to deteriorate.
Californians will be left with the burned out mess sitting in the dark but illegals will be getting free medical and free college and free food isn’t Democrat socialism great?
Exactly. If I were in that scenario my response would be “no way in hell”.