Warren Buffett may be a philanthropist, but he is not a masochist. PG&E only exists so it may be kicked around by the Democrats in the California state house and legislature.
California needs a complete reboot of its governing structure and political makeup. One-party states doe not work for very long in any venue.
This is the result of running and electing politicians instead of people with business experience and ‘commonsense’. We can see it across the board in this country, Kalifornia, New York, Oregon, Washington State, and ???