3 ms·
You seem to have misread the sentence. Having a municipality that runs a utility is not at all related to how a US state could seize the assets of a private com
by yucky 4y ago
You seem to have misread the sentence. Having a municipality that runs a utility is not at all related to how a US state could seize the assets of a private company, fire the Board of Directors and steal the ownership shares from all of its investors (large or small) in order to make it a state run enterprise.
So no, that's not how.
- ezfe 4y agoI did misinterpret the point of issue. However, lets say that California couldn't seize PG&Es assets directly (transmission lines, etc.) - that doesn't really matter as California can force PG&E's hand, given that they could easily put them out of business. California is in control, it just doesn't have the political capital to do what's needed.