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Should essential services be publicly owned
| January 11th, 2019 at 9:38:29 AM permalink | |
| petroglyph Member since: Aug 3, 2014 Threads: 25 Posts: 6227 | "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 Ed’s 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.>>> The last official act of any government is to loot the treasury. GW |
| January 13th, 2019 at 1:17:34 PM permalink | |
| petroglyph Member since: Aug 3, 2014 Threads: 25 Posts: 6227 | Almost gives me an orgasm. The last official act of any government is to loot the treasury. GW |
| January 14th, 2019 at 3:30:07 PM permalink | |
| petroglyph Member since: Aug 3, 2014 Threads: 25 Posts: 6227 | 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 The last official act of any government is to loot the treasury. GW |
| January 24th, 2019 at 2:26:12 PM permalink | |
| petroglyph Member since: Aug 3, 2014 Threads: 25 Posts: 6227 | https://www.zerohedge.com/news/2019-01-24/pge-shares-halted-after-company-cleared-tubbs-fire-probe Shares up 78% on the day. The last official act of any government is to loot the treasury. GW |