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Friday, July 03, 2020

PG&E faces an uncertain future

IN SUMMARY:
California’s largest utility, Pacific Gas and Electric, is about to emerge from bankruptcy with a depressed stock price and a very high debt load. If it cannot operate safely and profitably, a state takeover may be the option.
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-Elmo
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10 comments:

  1. rickn8orJuly 4, 2020 at 12:13 AM

    Yeah. I wanna see how the State of Commiefornia runs PG&E.

    ReplyDelete
    Replies
    1. ElmoJuly 4, 2020 at 8:58 AM

      I'm sure it will be every bit as efficient as the Department of Motor Vehicles.

      Delete
    2. AnonymousJuly 4, 2020 at 12:55 PM

      I thought Newsom was in negotiations with the Energizer Bunny. He can fill all those empty buildings from businesses that are moving out of the state with batteries.

      Delete
  2. Handy HandsomeJuly 4, 2020 at 6:18 AM

    The state take over was the goal all along.
    In a hot climate such as most of the populous portions of Cali, if you control the energy, you control the people.

    ReplyDelete
  3. AnonymousJuly 4, 2020 at 10:03 AM

    Just another way for Commiefornia to allow all of the crazies and illegals to populate more of the state. They'll be giving away electricity to all of these freeloaders and charging the working people and businesses, the ones that are left any way, an astronomical amount to keep they're lights on.

    Nemo

    ReplyDelete
    Replies
    1. ElmoJuly 4, 2020 at 10:59 AM

      I was going to say... PG&E's future may be uncertain but NorCal energy rates aren't. Baseline Tier One rates are currently twice per KwH than our esteemed host pays in Tennessee. In 10 years the rates will be double what they are today, whether it's PG&E or Golden State Energy under the brilliant leadership of Gavin Newsom.

      Delete
  4. WestcoastDeplorableJuly 4, 2020 at 1:00 PM

    Oh yeah, if Newsom does as good a job running PG&E as he's done so far with the state, we'll be back in the stone age with electricity only offered to his friends and family, the rest of us will be quarantined from power.

    ReplyDelete
    Replies
    1. AnonymousJuly 4, 2020 at 9:18 PM

      Since the Guv's winery is one of the few that he is allowing to stay open it is only fitting that he make sure that PG&E does everything they can to keep the tasting room well lit and the temperature a nice 72 degrees for summertime visitors.

      Delete
  5. Reltney McFeeJuly 4, 2020 at 4:14 PM

    Q: what did Californians use to light their homes, before they used candles?

    A: electricity.

    ReplyDelete
  6. UnknownJuly 4, 2020 at 4:52 PM

    Noisome has been salivating over the state taking over PG&E since the beginning. I wouldn't be surprise if the place was conceived decades ago.

    ReplyDelete

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