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PG&E is not "pretty much bankrupt" over this .. in fact, during the Enron power scandal, public court documents uncovered a decades-old transfer of cash out of
by mistrial9 4y ago
PG&E is not "pretty much bankrupt" over this .. in fact, during the Enron power scandal, public court documents uncovered a decades-old transfer of cash out of the PG&E books (highly regulated) into new holding companies that were purchasing income-generating assets around the US, like under-valued power generation in the deep South for example. This was expressly forbidden in every regulatory ruling and yet upper management at the time found a way to do it "legally". It has continued in patterns like that for more than thirty years. The recent court-induced liability for death, and criminal conviction of PG&E, are only now changing systems in place for decades.
You have been "had" -- source: attorney consulting on the Enron proceedings at the time of the blackouts
- jamal-kumar 4y agoI have a really hard time hearing out Americans who put things in condescending scare quotes it's like your worst national character trait
- mistrial9 4y agohow would you write that? real question
- jamal-kumar 4y agoBleep? Is that you?