Should essential services be publicly owned

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January 11th, 2019 at 9:38:29 AM permalink
petroglyph
Member since: Aug 3, 2014
Threads: 22
Posts: 4671
Quote: AZDuffman
Haven't they went BK before? After Enron picked them clean?
"PG&E, which filed for bankruptcy once before in 2001, said in November it could face "significant liability" in excess of its insurance coverage if its equipment was found to have caused last year's fires in northern and southern California."

Might also affect wind energy: https://www.greentechmedia.com/articles/read/if-wildfires-drive-pge-into-bankruptcy-what-happens-to-its-renewable-energy

PPA=Power purchase agreements

<<PG&E is the largest offtaker for Con Edís renewable energy portfolio, at about 29 percent of contracts. And the average PPA rate for those projects >>

<<Of course, for any of these threats to materialize, PG&E would have to file for bankruptcy protection, and the bankruptcy process would have to lead to these PPAs being renegotiated in a way that reduces their revenues and value.>>>
Everyone gets thrown from the plane to maintain altitude
January 13th, 2019 at 1:17:34 PM permalink
petroglyph
Member since: Aug 3, 2014
Threads: 22
Posts: 4671
Almost gives me an orgasm.
Everyone gets thrown from the plane to maintain altitude
January 14th, 2019 at 3:30:07 PM permalink
petroglyph
Member since: Aug 3, 2014
Threads: 22
Posts: 4671
Quote: petroglyph
https://en.wikipedia.org/wiki/Geisha_Williams CEO of PG&E is the first Latina female CEO of a fortune 500 company.
Looks like she is abandoning ship....with the loot. Williams walks away with millions as PG&E burns. https://www.bloomberg.com/news/articles/2019-01-14/pg-e-s-former-ceo-to-walk-away-with-millions-after-wildfires
Everyone gets thrown from the plane to maintain altitude
January 24th, 2019 at 2:26:12 PM permalink
petroglyph
Member since: Aug 3, 2014
Threads: 22
Posts: 4671
https://www.zerohedge.com/news/2019-01-24/pge-shares-halted-after-company-cleared-tubbs-fire-probe

Shares up 78% on the day.
Everyone gets thrown from the plane to maintain altitude
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