After rallying in the 'good' news that the company has entered Chapter 11, PG&E's stock is lower today, not helped by a federal judge's comments slamming the triple-bankrupt utility for serially starting fires.
Following a series of massive fires along its 125,000 miles of power lines over the last two years, Bloomberg reports that U.S. District Court Judge William Alsup - who is overseeing PG&E’s probation for safety violations that led to felony convictions for the 2010 explosion of one of its gas pipelines, which killed eight people - didn’t back down from his criticism of the utility despite being told he had overreached.
“Usually a criminal on probation is forthcoming and admits what they need to admit. You haven’t admitted much,” Alsup told lawyers for the company at a hearing Wednesday in federal court in San Francisco.
“There’s a clear-cut pattern here: that PG&E is starting these fires.”
Among other suggestions, the judge proposed subjecting the company to criminal sanctions if it failed to shut off electric supply to portions of the grid on extremely windy days, trim tree branches and inspect and repair thousands of miles of power lines.
But of course, what are a few tens of billions of dollars of liabilities?
We remember the old days where corporate bankruptcy was a negative event for shareholders.
This was warned about NUMEROUS YEARS AGO…. and like usual…. NO ONE payed any attention.
Zachary Scott
They're doing their bit to destroy California
Jackson Fisher
This is Cali. I wonder how many tranny, faggot, nigger, spic, muzzie, and LOLBBQ diversity hires are in charge of inspections / maintenance and simply do nothing all day because they can't be fired.
Lincoln Perez
Ok, I went down there to straighten this out and I got the run around by the goons that worked at the front desk.
I keep explaining this to you people that if you go through with this you will lose absolutely everything that you know and love.
PG&E didn't start the God damn fire. It was a cyber weapon that was allowed to spread and hit two power companies.
I flew my ass all the way there to your court and checked every god damn building while under attack. No one knew about the PGE court case or the campfire.
You better be fucking kidding me. You better be.
Jordan Ramirez
See this giant S on my chest? See my melted face? Didn't even get that far. The people I talked to looked too innocent.
Leo Nelson
Oh hey a bunch of people who made a weapon whose job is to explicitly ruin every fucking day of my life and give me, what doctors call, multiple fatal wounds is taking over the power companies in California.
John Baker
Yeah that's what I want. To have every fucking day ruined and to be force fed like a fucking duck while I can just manage to escape long enough to get tortured in public and made to look like a fucking idiot to the people I'm interrogating
You're lucky I'm modifying my genetics with experimental drugs I got from China. Wait no you're not.
Eli Brown
I can't even rotate or bend magnets in my bare hand while keeping my hand still anymore because this stupid fucking weapon keeps trying to learn how to neuter every single fucking thing I'm doing.
Eli Clark
This is for you Olsen, Diana, Barbara, Grayson, and batman
Zachary Murphy
The real reason for the fire. There maybe those new to this.
There are no search engines but Google. These are all Google proxies that escape some portion of Google’s datamining but do not deliver different results.
Christian Cook
Have you tried searching on them? I get different results.
I dare you to organize a meme. It'll be taken out like gamergate as a pissing contest.
Aiden Reed
Wait don't do it lol
Colton Barnes
We need to close the borders or more of these weapons that caused the campfire can come in in the form a rash.
Jayden Kelly
Cost of border: 5 billion. Cost of campfire: 10+ billion and 19,000 homes.
Asher Thompson
There is absolutely no argument for not having a wall after discovering this weapon.
Evan Rivera
We are at the complete mercy of whoever develops the next rash. We need those walls.
Christopher Perez
I love the new NPR meme that the wall is a 14th century solution and thus it’s not good enough. This is a claim made by some diplomat. One thing a wall is good for is a follow-up administration that doesn’t want to enforce the law.
Adam Peterson
SuckFuckBlow*
How are you even breathing right now?
Isaac Foster
How dare you besmirch the balanced and honest name of NPR good sir? Why juat the other day they updated me on the yellow vest protests in France. It is sad that the French government is doing so little about climate change environmental activists feel the need to take to the streets.
