SAN FRANCISCO, California (AP) — A federal judge on Friday said he was approving a $58 billion plan by the nation’s largest utility to end a contentious bankruptcy saga that began after Pacific Gas & Electric’s outdated equipment ignited wildfires in California that killed more than 100 people, wiped out entire towns and led the company to confess to crimes driven by its greed and neglect.
The decision by U.S. Bankruptcy Judge Dennis Montali clears the way for PG&E to pay $25.5 billion for losses from devastating fires in 2017 and 2018. The judge said he will sign the formal order confirming PG&E’s plan late Friday or Saturday after the company’s lawyers make a few minor revisions worked out during a two-hour hearing.
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You know hanging the sons of bitches would be fine. From their own damnable power poles.
ReplyDeleteMany I know are have their lives on hold waiting for the settlement. I think they are going to be really disappointed to see what their share will be. I was fortunate, got out of there with what I was wearing and a P.O.S Four Runner. Lived in it for a couple of days until insurance hooked me up.
ReplyDeleteMuch of what the debt PG&E is being saddled with originated with California siding with greenies over trimming power line ROWs.
ReplyDeleteThe gun is to their head and PG&E has no choice except to play along.