PG&E files for bankruptcy amid wildfire lawsuits

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The largest utility in the U.S. has filed for bankruptcy as it faces billions of dollars in potential damages from wildfires in California.

 

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Need to take all VP level and above compensation from last year and this year and move it to a fund. Also CA better not let them get away with this shit! This would be a travesty.

Another company, unwilling too do what is right, when they are clearly at fault. These bankruptcy laws, need to be changed. If they can’t pay for what they are responsible for, then they shouldn’t be allowed to operate, with a chance of doing it again.

I have read the Gov. of CA, the various state boards & agencies, and various environmental groups prohibited ANYONE from doing the tree & undergrowth cleaning everyone knew was necessary and now they want to hang the fire on PG&E? Sounds like there are a lot of others to sue!

crazy crazy its not SAN FRiSCO that they should suit - GD did it dud

Im starting to think Donald Trump is right about how stupid these guys are. LOCK EM UP! If iii had started the fire I'd be getting extradited right now to Murica

THEN they said THEY are gonna rebuild their company to give the customers what they deserve. (!!!?!!) Wow. Go away! Why would you ever be allowed to do that? Gross incompetence, financial duress, and general dereliction of your duties in the first place!!

I bet Erin Brokovich is thrilled

Privatize the profits, socialize the recovery. It's the corporate American way.PGE

California keeps regulating utilities into bankruptcy and they think they know what's best for America?

Very sad. The Government .

Now CrappyFornia will ask President Trump for a bailout 🙄

And whos going ro pay again? In early 2000’s PG&E emerged from bankruptcy three years later but obtained billions of dollars in higher payments from ratepayers.

You take most of the revenues generated as taxes on the company but prevent effective forest management that could prevent this bankruptcy....what a state!!

Only Raking will prevent forest fires GOP

Bullshit. They are trying to avoid accountability for the fire they know they started. The courts should protect people but they don’t. They protect corporations and shareholders.

Almost makes you wanna demand oversight....almost

I sure hope the board members cases their stock in before the fires started. If someone investigate and I guarantee the board members and rich people did that

Kathleen Brown, and the other majors at PGE, Sempra, SCE, etc, need to be held personally responsible for their crimes. I am sick of the rate payers being held to account while they get away scot-free. AP should be talking about things like this, instead of hiding the facts.

nyc_erik And will pass more damage onto we who must use them. Murdering crooks

No impacts to businesses from climate change? Watch out next for insurance companies...

rochelleriley Next.. surprisingly they will ask for a bail out. Hmmmm 🤔 Me thinks no.

What happens to us customers?

FOX26Houston The costs are enormous to rebuild.

An electricity free People’s Republic of California will put the Communist Occupied Territory on the cutting edge of Green Dumbassery.

The people of California will end up paying the cost of the bankruptcy and settlements while the company officers parachute into the night with their millions.

Classic corporations in the USA...

scumbags killed so many people, wonder what the guys name is that made all these decisions especially the one that ended up killing so many people

The larger they are the harder they fall!

Classic California...

Have they tried turning it off and back on again?

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The Latest: PG&E, US's largest utility, files for bankruptcyThe Latest on PG&E bankruptcy filing (all times local): 1:30 a.m. The largest utility in the U.S. has filed for bankruptcy as it faces billions of dollars in potential damages from wildfires in California. Pacific Gas & Electric Corp. filed documents in a U.S. court Tuesday seeking... Again. .This is major...or 'bigly.' The Petroleum, Gas and electric company is going bankrupt? Hmmm, find a REAL stock report and try again. And if you can't find a real payer head down to the NYSE and go hmmm, No No they aren't!
Source: ABC - 🏆 471. / 51 Read more »