Public Comment

PG&E’s systemic problems have gone unchecked for decades. It has now been forced into bankruptcy following California’s devastating wildfires. The company’s wildfire insurance was grossly underfunded to the tune of $1.4 billion compared to actual liability of more than $30 billion not including potential punitive damages, fines tied to future claims. Ratepayers can expect whopping increases in their utility bills. 

In its effort to make the state free from carbon-dioxide emissions, California pushed utilities to buy renewal energy. 

Clean-energy initiatives, such as Solar and wind-energy designed to fight the effects of climate change will be a major casualty. 

Never missing an opportunity to make money from other people’s misery, Hedge funds are already offering to buy settlement claims from insurance companies. 

The filing comes a day after the company announced the resignation of its chief executive, Geisha Williams and three other executives who were paid millions for their gross incompetence.