Twice Burned, Once Shy—Why Californians Should Be Wary of Bailing Out PG&E Again

Greentech Media
By info@greentechmedia.comJan 21, 2019, 8:00 am171 pts
The last time Pacific Gas & Electric declared bankruptcy, in 2001, its customers paid billions of dollars in higher rates while company creditors and shareholders lost little. In that case, PG&E’s losses were largely due to deregulation and marketplace manipulations by Enron and others. The California…

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Twice Burned, Once Shy—Why Californians Should Be Wary of Bailing Out PG&E Again

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