"I'm not convinced"
"PG&E is a very different company than it was prior to bankruptcy,"
California appears unlikely to assume direct control of PG&E despite widespread criticism after holiday blackouts that affected San Francisco. The state retains legal authority to take control of the utility if it fails to meet safety and regulatory standards, a condition tied to PG&E’s emergence from bankruptcy following massive wildfire liability claims in 2019. Executive compensation at PG&E is now linked to safety metrics. Local officials have renewed calls to transfer city wires and poles after outages, and a gubernatorial candidate has proposed breaking up utility monopolies after significant rate increases.
Read at The Mercury News
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