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> Now PG&E has stepped it up by doing blackouts and claiming its because of fire risk. Well, they are going bankrupt because of the liability they bore for the
by danans 7y ago
> Now PG&E has stepped it up by doing blackouts and claiming its because of fire risk.
Well, they are going bankrupt because of the liability they bore for the massive fires their equipment triggered the last two years, so it's not too far fetched a claim.
What ulterior motive could they have for doing blackouts now?
This is not to absolve PGE of the responsibility. They apparently asked the PUC for ratepayer money, and received it, to do
fire prevention maintenance, but then supposedly didn't do it, at least not enough [1]. All this while paying handsome dividends to investors (including our 401ks and pension plans). If true, that would be the bigger scandal.
1. https://www.nytimes.com/interactive/2019/03/18/business/pge-california-wildfires.html https://www.nytimes.com/interactive/2019/03/18/business/pge-...