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PG&E Bankruptcy
Boone, Barri http://solidarity-us.org/atc/199/pge-update/
Publisher: Against the Current
Date Written: 01/03/2019
Year Published: 2019
Resource Type: Article
A short news item about Pacific Gas & Electric's bankruptcy case.
Abstract:
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Excerpt:
As Pacific Gas & Electric (PG&E) goes into bankruptcy court, TURN (The Utility Reform Network) is demanding a voice for customers. It is joined by AARP, Public Advocates, the Farm Bureau Federation, Sierra Club and Greenlining Institute, who are campaigning for stricter oversight and for "policymakers to prioritize protecting Californians from this criminal company."
Otherwise the court, which has sole jurisdiction, might put the "rights" of PG&E creditors over those of ratepayers. This would enable creditors to sell off PG&E assets and ignore the public needs. Creditors include megabanks with ties to Wall Street.
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