I 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

I 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.