4 ms·
From my cursory understanding, they are not under direct pressure but recent legal fines have implicitly made the risks of remaining operational sky-high. What
by joeyrideout 7y ago
From my cursory understanding, they are not under direct pressure but recent legal fines have implicitly made the risks of remaining operational sky-high. What did the litigators think would happen?
- kllrnohj 7y ago> What did the litigators think would happen? That PG&E would stop paying out dividends instead of doing the maintenance they are supposed to be doing? https://www.kqed.org/news/11737336/judge-pge-paid-out-stock-dividends-instead-of-trimming-trees https://www.kqed.org/news/11737336/judge-pge-paid-out-stock-...
- jjoonathan 7y agoThen how about prohibiting dividends, buybacks, and bonuses until they are ready to accept liability -- or some other way of structuring this regulation other than imposing contradictory requirements on them that force blackouts?
- albertop 7y agoUtilities are heavily regulated. Each year, budget has to be approved by Sacramento.
- njarboe 7y agoNot fines so much, but payments to insurance companies and others who suffered loses in fires found to be started by PG&E power lines.
- Data_Junkie 7y agoThat the age old failure of leadership could be blamed on the greed of the corporation. They are all complicit, ain't nothin' new.