California’s PG&E blasted over ‘greed and neglect’
Its shares plunged after the utility was stripped of control over its bankruptcy process with plans from wildfire victims allowed to be mooted
12 October 2019 - 08:30
San Francisco — Faced with mounting public anger over massive blackouts, California governor Gavin Newsom blamed Pacific Gas and Electric (PG&E) for years of “greed and neglect” and demanded major structural changes at the bankrupt utility.
Newsom’s comments came as many Californians questioned whether PG&E overreacted to a windstorm that did not prove as powerful as forecast. The company cut electricity to more than 2-million people — the largest pre-emptive blackout in the state’s history — to prevent its power lines from sparking wildfires...
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