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PG&E should have been liquidated in bankruptcy and the physical assets taken by the state, with regional public utilities created from them.
by lokar 2y ago
PG&E should have been liquidated in bankruptcy and the physical assets taken by the state, with regional public utilities created from them.
- kevinburke 2y agoBankruptcy would not help because you’d still have some entity managing the entire coverage area. The gain comes from creating a market for lemons.
- lokar 2y agoNo, give each county (or neighboring group of them) the opportunity to form a local utility and take over the mgmt. local municipal utilities have a really good track record.