Posted on 02/12/2019 12:47:00 PM PST by tcrlaf
California Gov. Gavin Newsom says he'll have a plan within 60 days for dealing with the recent bankruptcy filing by Pacific Gas & Electric after years of devastating wildfires.
Newsom said in his first state of the state address Tuesday that he has convened a team of the nation's best bankruptcy lawyers and financial experts from the energy sector. They will work with his administration to develop what he called a comprehensive strategy.
He's promising to ensure that safe, affordable power will continue to flow. He says he'll seek justice for wildfire victims, fairness for the utility's employees, and protection for ratepayers.
Newsom says the state won't waver on its ambitious clean energy goals, but must also address the pressure that climate change is putting on utilities.
(Excerpt) Read more at greensburgdailynews.com ...
TRANSLATION: The Green Crony Graft Money MUST FLOW....
California government running the electric Company. What could POSSIBLY go wrong with that idea?
These things don’t go together.
******
“He’s promising to ensure that safe, affordable power will continue to flow. He says he’ll seek justice for wildfire victims, fairness for the utility’s employees, and protection for ratepayers.
Newsom says the state won’t waver on its ambitious clean energy goals, but must also address the pressure that climate change is putting on utilities.
He sounds like Chavez in the early days of Venezuelan socialism. Give a good speech about justice and blue sky future performance while doing an asset grab. Whether the grab is supported directly by the military, or indirectly through the courts, is a country-specific detail.
but must also address the pressure that climate change is putting on utilities.
That would be zero.
HORRIFIC environmental policies may have contributed though.
I don’t know how life on earth survived before every species could be protected by CA.
> California government running the electric Company. What could POSSIBLY go wrong with that idea? <
Fortunately, we already know what will happen, seeing as the government of Venezuela runs its electric company.
Onward the Revolution!
(Please bring candles, as the power is off.)
Cal protecting PG+E from bankruptcy caused by shoddy maintenance on power line leading to fires. Brown protected a company with gas leaks when his sister sat on the board.
That's a good thing, since he just promised everyone everything they want, which is impossible.
Prior to leaving office, Brown signed legislation that effectively allows PG&E to roll any costs of litigation and legal penalties off to their customers.
He is forgetting the cost of all the hats related to his plan. The hats will be needed to protect citizens from the crap falling from the flying pigs.
What a loon.
Yep. The US Post Office model of electrical power.
What could happen?
its either taxpayer bailout $$
or else even HIGHER ratepayer rates,bills (already about the highest rates in America due to all the regulatory corruption in Californication)
or a combination of both.
the money has to come from somewhere
and you can bet your sweet booty it ain’t gonna come from the politicians’ pockets
five days standing mostly outdoors in long queues just to renew a driver license with perfect driving record, not even a jaywalking ticket
that’s the current State of Californication’s government
just let them try running the nation’s largest public utility corporation! ha ha
lights OUT! lights OUT in Californication!
I laugh at the LIB lunatics in the voting majority of cali. Hahahaha. I don’t live there so I can laugh...and do.
“...power will continue to flow...”
Three hours at a time....
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