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Keyword: pacificgaselectric

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  • Gov. Newsom calls for Warren Buffett to buy PG&E as widespread power shutoffs continue

    10/28/2019 7:05:23 AM PDT · by outpostinmass2 · 67 replies
    Sacromento Bee ^ | 10/27/19 | Hana Wiley and Dale Kasler
    Calls to transition the troubled Pacific Gas and Electric Co. into a public utility intensified Sunday, as nearly 1 million customers lost power throughout California and the Kincade Fire blazed through Sonoma County. A day earlier, Gov. Gavin Newsom told Bloomberg he would encourage Warren Buffett’s Berkshire Hathaway to make a bid for PG&E. “We would love to see that interest materialize, in a more proactive, public effort,” he said Saturday. Berkshire Hathaway’s energy subsidiary is heavily invested in the utility business, in California and elsewhere. It owns multiple solar farms, including a 550-megawatt facility in San Luis Obispo County...