One the other hand this is also a political statement. They are clearly signaling to the politicians that they better shield them from further liability or expect more of this behavior. Shut the power down when the wind blows, after each earthquake until the lines can be checked, etc. My money is the politicians fold. The stock rose 3% Friday.
‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
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Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#12Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#13It will be interesting watching how all this plays out. As others have noted the liability math has certainly changed. Enough to bankrupt one of the largest utility companies in the country. One the other hand this is also a political statement. They are clearly signaling to the politicians that they better shield them from further liability or expect more of this behavior. Shut the power down when the wind blows, af…
Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#14It will be interesting watching how all this plays out. As others have noted the liability math has certainly changed. Enough to bankrupt one of the largest utility companies in the country. One the other hand this is also a political statement. They are clearly signaling to the politicians that they better shield them from further liability or expect more of this behavior. Shut the power down when the wind blows, af…
Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#15It will be interesting watching how all this plays out. As others have noted the liability math has certainly changed. Enough to bankrupt one of the largest utility companies in the country. One the other hand this is also a political statement. They are clearly signaling to the politicians that they better shield them from further liability or expect more of this behavior. Shut the power down when the wind blows, af…
My money is they get taken over by the state. Privatizing a utility was always a stupid move to begin with and they are finally proving it beyond any reasonable doubt. It's time we get to fixing all the damage Regan did to this country.
Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#16Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#17Earlier quoted context omitted.
The liability math didn't change. Decades of pretending that liability didn't exist just caught up with them.
the math changed because they were sued for something that should've been acceptable risk. So now it's unacceptable risk. What goes around, comes around.
Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#18Earlier quoted context omitted.
My money is they get taken over by the state. Privatizing a utility was always a stupid move to begin with and they are finally proving it beyond any reasonable doubt. It's time we get to fixing all the damage Regan did to this country.
How did president Regan privatize a California utility?
Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#19It will be interesting watching how all this plays out. As others have noted the liability math has certainly changed. Enough to bankrupt one of the largest utility companies in the country. One the other hand this is also a political statement. They are clearly signaling to the politicians that they better shield them from further liability or expect more of this behavior. Shut the power down when the wind blows, af…
My money is they get taken over by the state. Privatizing a utility was always a stupid move to begin with and they are finally proving it beyond any reasonable doubt. It's time we get to fixing all the damage Regan did to this country.
No need to throw the baby out with the bathwater...
Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#20Earlier quoted context omitted.
The liability math didn't change. Decades of pretending that liability didn't exist just caught up with them.
the math changed because they were sued for something that should've been acceptable risk. So now it's unacceptable risk. What goes around, comes around.
They wound-up liable because they gutted their tree-trimming operations and paid the difference in dividends. That is something that definitely makes you liable regardless of whether the original thing is an acceptable risk.
Now, it's hard to if this is indeed a "bail us out or we'll shut down at every strong breeze" statement or whether they are legitimately worried the lines they neglected actually now ignite at every strong breeze.
Either way, I think the average Californian justifiably hates this company. But it seems unlikely things will change.