Quote:
Originally Posted by Vince, Pt. II
Pacific Gas & Electric, the largest US utility, announced they would be filing for Chapter 11 bankruptcy this morning in the face of potentially immense liability for the CA wildfires. Since November 7th, their stock has tumbled from $48.80 per share to a before-hours number today of $9.70.
It is a terrifying time to be an employee, especially a non-union represented one.
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If PG&E really did cause those fires (has that really been shown to be true?), they deserve to go under/forced reorganization for mismanagement.
Or was it contractors installing equipment incorrectly, or some other agency not clearing the brush enough etc. I don't know how much is attributable directly to PG&E.