California ponders state takeover of PG&E

Socialism is on the march in California.  Remember, socialism is the control of the means of production.  Now Sacramento is using the fires as the excuse to steal PG&E.

“A  year of near-constant bad news continues for Pacific Gas & Electric Company (PG&E)—the SF-based utility that services most of California—as state regulators announced last week they’re considering an array of eyebrow-raising reforms that may include breaking up the company or transforming it into a public entity instead.

The California Public Utilities Commission [CPUC] handed down a ruling Friday that in the coming months it will “examine PG&E’s current corporate governance, management, and structure to determine the best path forward for Northern Californians to receive safe energy service.”

Watch as Sacramento starts the process of ending private property and private firms in California.  Will the oncoming recession save the State by ending the socialist reign?

VENTURA, CA - DECEMBER 5: A home is destroyed by brush fire as Santa Ana winds help propel the flames to move quickly through the landscape on December 5, 2017 in Ventura, California. (Photo by Marcus Yam / Los Angeles Times via Getty Images)

California ponders state takeover of PG&E

But CPUC is also considering many other paths for the troubled utility, including breaking it up

By Adam Brinklow, Curbed San Francisco,  12/26/18

A  year of near-constant bad news continues for Pacific Gas & Electric Company (PG&E)—the SF-based utility that services most of California—as state regulators announced last week they’re considering an array of eyebrow-raising reforms that may include breaking up the company or transforming it into a public entity instead.

The California Public Utilities Commission [CPUC] handed down a ruling Friday that in the coming months it will “examine PG&E’s current corporate governance, management, and structure to determine the best path forward for Northern Californians to receive safe energy service.”

While that may sound dry and somewhat opaque, the details of what that process may mean are potentially game-changing:

Should some or all of the existing PG&E and PG&E Corp. Board of Directors be replaced; […] should PG&E’s natural gas and electric distribution and transmission divisions be split into separate companies controlled by a holding company ; should PG&E’s corporate structure be reorganized with regional subsidiaries based on regional distinctions ; should the CPUC revoke holding company authorization so PG&E is exclusively a regulated utility ; should some or all of PG&E be reconstituted as a publicly owned utility or utilities?

The possibilities of breaking up PG&E or turning it into a public utility would have the most sweeping effect on the company and state. PG&E presently operates as a regulated monopoly.

The potentially big regulatory moves come after and in response to a series of particularly painful PR hits for PG&E, most prominent being the very real (but still undetermined) possibility that PG&E equipment and policies may have started the deadly Camp Fire that destroyed much of Butte County and killed more than 80 people this year.

This just a year after Cal Fire concluded the utility did spark some of the devastating 2017 wildfire, including the Tubbs Fire that wiped out entire neighborhoods in Santa Rosa. It’s also possible that PG&E contributed to the Woolsey Fire in Southern California.

Slightly more obscure but potentially even more damning is the more recent news that the utility faked thousands of gas pipeline safety inspections for years, even while defending itself over a 2010 gas explosion that killed eight people in San Bruno.

“Every year it’s another disaster,” San Mateo-based State Senator Jerry Hill said in a November interview, calling the utility “too big to succeed,” a phrase used previously by CPUC President Michael Picker in 2015.

The state agency notes that “parties may present other options than the ones listed above” in the coming months and that “CPUC must have more information and analysis from a range of perspectives before it can consider implementing a particular approach.”

 

About Stephen Frank

Stephen Frank is the publisher and editor of California Political News and Views. He speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows. He is a fulltime political consultant.

Comments

  1. James STEELE says

    Can you imagine the Blackouts that will happen when Kalyfornzuela seizes control of PG&E.. hahahahha.. It will be too funny. The rates will become so bad that they will start to subsidize them and raise your taxes as Venezuela did so at night people start to turn off the power and use generators hhahahaha.. We took a trip to Kauai last year and the guide told us that they are using solar and diesel fuel to run the island power stations ( 2 ).. They said that electricity costs so much there that only 25% of residents can afford AC.. Most of the population at around 8pm simply goes to bed, so they don’t have to use the unaffordable power. They have battery powered lanterns until bed time.. Very sad that they are still voting for the same creeps that are, making them poor and go back in time to 1920 ..

    • Boris Badenov says

      Yep, if the fools in this ‘state’ think that PG&E is a problem, just wait until the inept politicians get hold of it. There is a reason Apple, Google and the rest are building out of this d state.

    • What did Socialists use for light before candles?
      Electricity!

    • Ssgt. Martin ret. US army says

      Mr. Steel do you live in California? Or even know anyone from California? No I didn’t think you did from the ignorant blather that came from your trumphole. That being said if Californians as you so wisely informed us (note the sarchasm) them why are there so many A. World class restaurants and clubs? If most Californians went to bed at 8 why do people flock here for tourism? If ir cost 25% of our income why do people have the california dream and willing to pay more? Lets see maybe because instead of being a trumptitute and dumbing down the collective psychie of America ridiculous blather they have a indipendant thought. That being said. I am a californian, born and raised. I served muy country at home and abroad with distintion. And ice lived many places and with and without its faults and there are many. There’s not much better in climate beauty and something foreign to you culture. Theres every thing here from small farmland to big cities and if you really want to know how much utilities cost my bill last month was only 42.81 thats about half of what I paid a month in illinois. So there you go. And btw most of us dont go to bed at 8. Inless your in a nursing home or are working graveyard shifts.

  2. This is all wrong and how do they get away with doing this? Just think that if things are getting bad in Hawaii just think how terrible things will be in CA? We need to get a class action against the fake-government here and stop the take over- just sayn’!

  3. This will not go well. Brownouts, blackouts, limited service, customer service on par with DMV, costs will SOAR.

    The state will get this done about as well as it builds a high-speed train from San Francisco to Los Angeles. Or about as well as children are educated in the Los Angeles City School system. It will most likely happen, if the communists in the legislature (which is most of the fecal democratic horde) or new governor have their way. But it is a disaster waiting to happen.

  4. Boris Badenov says

    In 10 months or so the HUGE gas supply from Texas will be available and odds are not one little ol’ BTU will be coming to Kommieforniastan as the idiots in Sack-0-Tomatoes push on with their dream, and our nightmare, of solar and wind energy. Of course we’re sitting on a HUGE supply of oil and gas and yet, in the dream of the perfect wet socialist dream we’re importing.

  5. Boris Badenov says

    In 10 months or so the HUGE gas supply from Texas will be available and odds are not one little ol’ BTU will be coming to Kommieforniastan as the idiots in Sack-0-Tomatoes push on with their dream, and our nightmare, of solar and wind energy. Of course were sitting on a HUGE supply of oil and gas and yet, in the dream of the perfect wet socialist dream we’re importing.

  6. PG&E needs to lure a CEO from a company like Discount Tire, Costco, Soup Plantation or Home Depot or any of a million others. Get someone who really knows the business end of a business model and get rid of all the political appointees, brothers in laws, and hangers on and I promise you it will be worth every penny no matter what it costs you.

  7. TheRandyGuy says

    CA pols will run PG&E just like the DMV. Politicians should be prohibited from getting involved in business. They are incompetent.

  8. A “public utility” PG&E…….the DMV on steroids.
    Only our “leaders” in Sacto would believe that they are capable of driving such a bus.
    Now, if those of us in other states (where we’ve fled to for our own safety) can keep the devastation from spilling over the borders into our sanctuaries?

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