Posted on 12/14/2019 7:14:36 AM PST by tcrlaf
California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp (PCG.N), the states largest investor-owned utility, saying its proposal fails to meet the requirements of a recently enacted wildfire The decision by Newsom, sent to PG&E in a letter, complicates the companys push to exit bankruptcy and provide billions of dollars to victims of devastating wildfires in 2017 and 2018 sparked by the utilitys power lines.
The embattled utility now has until Tuesday to further amend its plan to Newsoms satisfaction, but his criticism of the reorganization package as it was presented by PG&E a day earlier was sweeping.
Newsom said the plan lacks major changes in governance and tougher safety enforcement mechanisms mandated under the state wildfire statute, known as Assembly Bill 1054, which was enacted in July.
(Excerpt) Read more at reuters.com ...
The “major change in governance” they need is throwing lunatics like Newsome out on there ear, or maybe acquainting them with a rope and a lamp post.
Well he is sorta like king tut. In a more childish sort of way. He obviously knows WAY more than the PG&E folks. After all, he got (s)elected, not them. Must be good to be nanzi’s nephew huh? If only by marriage. Those tentacles reach far and wide.
....the 9th district has his back.
Not any more since Trump replaced a few of them for a conservative majority.
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Were not there yet but Trump has us well on the way.
Its a 16 - 13 DemocRAT appointee majority now on the full 9th CCA.
If you own your home there I would get out while the property values are still high.
No longer. President Trump has seen to it that a majority of the 9 CA is now Republican appointed.
Yes. Leftist politicians have wanted this for a long time; the fires just gave them the excuse.
Republican does not necessarily mean conservative.
Most of these inferno fires are caused by large stands of protected Live Oaks. They should be classed as weeds they are so prolific.
No wood in America has as many BTUs per square inch. You can cut the wood and immediately burn it in a wood stove without drying it, it catches fire so easily.
Once it starts burning it generates coals that give off incredible heat and last all night in your stove.
Our county charges you to remove these trees at a cost of $153 per inch of trunk thickness.
This Green policy has contributed greatly to causing the fire safe problems we face now and sadly will never be addressed as it generates an array of cash for tree studies and fees.
And cutting trees is as bad as liking Orange Man
Liberal California voters deserve to burn.
I was just about to post that.
They should just go Galt.
Burn it all down.
Governor Gavin Newsom, democrat.. Everywhere they go, only the ruins are left behind..
All of those points are good but the real question boils down to something like: 'Will the Neo-Fascism of the radical Left make the residents of CA like the residents of District 9 (https://tinyurl.com/wvhcw4m before changes to the 9th District FedCA can reverse the trend to totalitarian Fascist-Socialist Venezuelan destruction?' Of course YMMV...
I have three in my yard and love them, except for all the acorns.
“PG&E should just close up shop and let California bask in the glory of their victory of Big Power.”
exactly ... tremendous reduction in their “carbon footprint” too, practically zero, actually ...
exactly ... tremendous reduction in their carbon footprint too, practically zero, actually ...
No, theres a lot of carbon on the streets of SF and LA. But opportunity awaits those entrepreneurial Californians! Probably not enough to generate electricity, but might help on those cool nights....
https://en.wikipedia.org/wiki/Dry_dung_fuel
No, but he does believe he's god, but actually he is the prime example of Hitlary's it takes a village idiot. I bet they probably played lots of mariachi music at his inauguration as a nod to all those that made it possible for him to be elected.
Brown shirts putting regulators on your electric meter so you have to go to the outhouse in the dark. Soon they will come looking for your guns, alligators and Maga Hats.
How did he legally get the review on this?
this act should speed up the recall of the gov.
Clearly, PG&E did not put in enough money for Newsome to buy votes.
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