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PG&E Votes to File for Chapter 11 Bankruptcy

2 pointsby mbgaxyzover 6 years ago

1 comment

masonicover 6 years ago
&quot;California State Senator Bill Dodd, whose district includes areas in Napa and Sonoma counties that were heavily damaged in the Oct. 2017 wildfires, issued a statement after PG&amp;E officials confirmed that they would file for bankruptcy.<p>“Given its track record of obfuscation and mismanagement, I’m not surprised PG&amp;E claims it can no longer meet its financial obligations,” the statement read. “It’s extremely disappointing and underscores the need for change at PG&amp;E in both its leadership and culture. Wildfire victims shouldn’t have to deal with the uncertainty this causes, which in many respects re-victimizes them.”<p>Bill Dodd just happens to be the same genius who <i>authored(!) SB 901</i>, the PG&amp;E bailout bill, just a few months ago.