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Do they have to go bankrupt? Can’t the state just pass laws to force them to quit operating? Sort of like eminent domain (or maybe exactly?) I’m sure they’d ha
by dickeytk 7y ago
Do they have to go bankrupt? Can’t the state just pass laws to force them to quit operating? Sort of like eminent domain (or maybe exactly?)
I’m sure they’d have to make reasonable payments to the shareholders, but it’s not like PG&E is in a very good bargaining position here
- antisthenes 7y agoQuit operating? Who's going to provide power to 16 million customers in California?
- dickeytk 7y agoThere is no need to be dense, of course I mean not straight away. I’m just saying there is a path where the government can take over the utility that doesn’t require waiting until PG&E goes completely bankrupt.