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People should call this what it is, a bailout of PG&E. The only people who lose in this situation are the people of California. Granted, this is better than c
by algaeontoast 7y ago
People should call this what it is, a bailout of PG&E. The only people who lose in this situation are the people of California.
Granted, this is better than continuing to beat the dead horse that is PG&E for money. However, if this plan isn't accompanied by legitimate forest management and plans for controlled burns this would be like bailing out student loans without adjusting how the government guarantees student loans...
- kevingadd 7y agoThe necessary behavioral changes are not trivial to execute without a state/county takeover given that PG&E has still been prioritizing executive compensation, dividends, and profit. We need to at least start with measures to address that, even if we also need to do other things. Are you arguing that we ONLY need to do those other things, or just that we're doomed?