ToDaZeD CA*Palm-to-the-face*

flaming f/u edition

Speaking of low-functioning: PG&E while facing billions of $$ of liability for negligence in the raging CA fires have now filed for bankruptcy protections.

Watchout overhead for the ginormous golden parachutes.

*this is my shocked face*

It needs to use the bankruptcy process, which will allow it to shed some of its debt, to pay for damages and stay in business to provide gas and electric service to its customers.

Shares of PG&E (PCG) plunged 48%

That’ll help.

5 Comments!

  1. DougM (a 20th-Century guy)
    Posted January 14, 2019 at 10:45 am |

    Who was the CAgov that was recalled for power-generation incompetence and replaced by Arnie (then a Repub)?

  2. DougM (a 20th-Century guy)
    Posted January 14, 2019 at 10:56 am |

    Makes renewable power alternatives more economically feasible.

  3. Lord of the Fleas
    Posted January 14, 2019 at 12:35 pm |

    ^^ Gray Davis. (Always wondered if that nickname was meant to be descriptive or what…)

  4. DougM (a 20th-Century guy)
    Posted January 14, 2019 at 2:04 pm |

    I wonder if Newsom’s gonna tax the water they use on the fires

  5. Claire: rebellious pink pig with car keys - and a *cause*
    Posted January 15, 2019 at 10:00 am |

    DougM @1 — Grey Davis
    DM@3 – it was.
    if they would build water storage and power generation… butt their crypto-eco-fascist overlords say “no.”

    DM@2 – wow. a million bux up in smoke… and a ‘nuther million to clean up the hazardous waste those are made of. yippie.

    DN@4 – you know it.