4 ms·

Note that SB 901, the recent PGE bailout over last year's fires (Coffee Park, etc.), is illegally being applied retroactively to this year's fires (see George A

Note that SB 901, the recent PGE bailout over last year's fires (Coffee Park, etc.), is illegally being applied retroactively to this year's fires (see George Avalos' article in the Mercury). It doesn't even take effect (legally) until 2019.

Blackstone4 8y ago
Who is applying it illegal? I feel like your statement is misleading. Regulators have come out and said they don't want PG&E to go bankrupt. PG&E and the regulators are probably both supportive of extending the existing legislation to cover 2018. However I am not aware of PG&E or regulators having acted illegally. Publicly stating an opinion before taking action is not illegal. Plus the bailouts are generally being used to fund PG&E's rebuild on fires where they weren't at fault (from a common sense perspective) but were found liable under California law (see my earlier statement). People are angry and want someone to blame even tho this was a natural disaster. With current laws, PG&E is being painted as the bad guy and are stuck between a rock and a hard place.