Largest California Utility Facing Bankruptcy

[Rasputin_Vol]

PG&E Reportedly Planning Bankruptcy Announcement To Workers As Soon As Monday

This potential bankruptcy announcement comes after PG&E's AIG moment hit late on Thursday, when Moody’s did precisely what S&P did two days earlier, and cut the utility's credit rating to junk citing the electric company’s potential wildfire liabilities.

One thing is clear, however: the shock to California residents, or rather their wallets, will be most unpleasant, as their rates are about to surge one way or another.

Think it couldn't happen? Think again, as Bloomberg reports, PG&E’s deepening financial crisis has already spread to the companies that supply its natural gas and generate electricity for its customers. At least two small gas suppliers have restricted sales to PG&E out of concern that the company won’t be able to pay, people with direct knowledge of the situation said earlier this week.

 

[Coug]

Well when you falsify records of a main gas line which ultimately leads to an explosion causing deaths bad things tend to happen among other grossly negligent accidents PG&E has been directly involved in.

 

[happy-go_vol]

Well when you falsify records of a main gas line which ultimately leads to an explosion causing deaths bad things tend to happen among other grossly negligent accidents PG&E has been directly involved in.

Do you have links to this?

 

[RollinVol]

Do you have links to this?

PG&E Falsified Gas Pipeline Safety Records, Regulators Say

 

[Orange_Vol1321]

PG&E Falsified Gas Pipeline Safety Records, Regulators Say

PG&E serves millions of customers in Northern California and it has come under further scrutiny after the devastating Camp Fire. California state fire officials determined that the utility's equipment was the source of 16 wildfires last year.

 

[Grand Vol]

California is such a stupid place...

For instance, they have a water crisis, yet border the world's largest ocean. They also have a huge desert in the eastern part of the state with plenty of sunshine. How hard would it be to build a large scale desalinization plant with solar pumps that carries the water from the ocean to a large scale solar powered de-sal plant in the Mojave? Plenty of water for everyone concerned when it's done. Plenty of land not being used out east of the major metro areas. If an oil rich country like Saudi Arabia can do it on solar alone, no reason we wouldn't have the means to do it.

Hey, here's an option to put the chocolate syrup on that bowl of vanilla bean ice cream. They have a homeless...I mean a un-domiciled population crisis. Have California start a state run, modern day CCC where they offer such folks a decent wage, three hots (maybe two hots and a bag lunch) and a cot for building such a system. I'd dare say there'd be plenty of people willing to volunteer for such a project if it meant getting back on their feet. And probably plenty of people that have basic skills to perform such labor. Maybe a retraining program that gives such people a new trade...

No more water crisis. No more depending on other states for a water flow. Way reduced homeless crisis. A good use of tax dollars, but in turn, they recoup that money via sales from their state run industry. Renewable energy facilities. Creates an infrastructure market supporting such a project. Win-win-win-win-win-win.

Which means California won't do it.

 

[C-south]

California is such a stupid place...

For instance, they have a water crisis, yet border the world's largest ocean. They also have a huge desert in the eastern part of the state with plenty of sunshine. How hard would it be to build a large scale desalinization plant with solar pumps that carries the water from the ocean to a large scale solar powered de-sal plant in the Mojave? Plenty of water for everyone concerned when it's done. Plenty of land not being used out east of the major metro areas. If an oil rich country like Saudi Arabia can do it on solar alone, no reason we wouldn't have the means to do it.

Hey, here's an option to put the chocolate syrup on that bowl of vanilla bean ice cream. They have a homeless...I mean a un-domiciled population crisis. Have California start a state run, modern day CCC where they offer such folks a decent wage, three hots (maybe two hots and a bag lunch) and a cot for building such a system. I'd dare say there'd be plenty of people willing to volunteer for such a project if it meant getting back on their feet. And probably plenty of people that have basic skills to perform such labor. Maybe a retraining program that gives such people a new trade...

No more water crisis. No more depending on other states for a water flow. Way reduced homeless crisis. A good use of tax dollars, but in turn, they recoup that money via sales from their state run industry. Renewable energy facilities. Creates an infrastructure market supporting such a project. Win-win-win-win-win-win.

Which means California won't do it.

Yes they lack the ability to do anything that requires common sense. People are fleeing the state in droves due to the absurd taxes and cost of living. Sad thing is they bring their asinine politics with them. It’s like refugees, they leave an oppressed area yet try to turn their new home into the oppressed area they left. It’s ridiculous.

 

[1972 Grad]

Let's see here.......California has a water crisis, meaning they don't have enough water for the number of people they have. The answer is to be more welcoming to illegals from Mexico and Central America, I guess.

 

[Carl Pickens]

PG&E also poisoned the hell out of a lot of people.... Cr+6 is a very nasty toxin for humans

 

[Carl Pickens]

Let's see here.......California has a water crisis, meaning they don't have enough water for the number of people they have. The answer is to be more welcoming to illegals from Mexico and Central America, I guess.

Liberal paradise equals toxic sh**hole

 

[Orange_Vol1321]

California is such a stupid place...

For instance, they have a water crisis, yet border the world's largest ocean. They also have a huge desert in the eastern part of the state with plenty of sunshine. How hard would it be to build a large scale desalinization plant with solar pumps that carries the water from the ocean to a large scale solar powered de-sal plant in the Mojave? Plenty of water for everyone concerned when it's done. Plenty of land not being used out east of the major metro areas. If an oil rich country like Saudi Arabia can do it on solar alone, no reason we wouldn't have the means to do it.

Hey, here's an option to put the chocolate syrup on that bowl of vanilla bean ice cream. They have a homeless...I mean a un-domiciled population crisis. Have California start a state run, modern day CCC where they offer such folks a decent wage, three hots (maybe two hots and a bag lunch) and a cot for building such a system. I'd dare say there'd be plenty of people willing to volunteer for such a project if it meant getting back on their feet. And probably plenty of people that have basic skills to perform such labor. Maybe a retraining program that gives such people a new trade...

No more water crisis. No more depending on other states for a water flow. Way reduced homeless crisis. A good use of tax dollars, but in turn, they recoup that money via sales from their state run industry. Renewable energy facilities. Creates an infrastructure market supporting such a project. Win-win-win-win-win-win.

Which means California won't do it.

It's a great idea I've always wondered about myself. They have all these restrictions against using water to wash a car or water your grass while all the vineyards like Pelosi owns has no restrictions.

Their infrastructure is about as bad as you can get. But when you spend money on things not for your legal citizens it isn't surprising.

 

[Carl Pickens]

It's a great idea I've always wondered about myself. They have all these restrictions against using water to wash a car or water your grass while all the vineyards like Pelosi owns has no restrictions.

Their infrastructure is about as bad as you can get. But when you spend money on things not for your legal citizens it isn't surprising.

And they have apps in SF so you can report human sh** piles on the sidewalks

 

[C-south]

And they have apps in SF so you can report human sh** piles on the sidewalks

 

[Velo Vol]

 

[AM64]

Let's see here.......California has a water crisis, meaning they don't have enough water for the number of people they have. The answer is to be more welcoming to illegals from Mexico and Central America, I guess.

Yeah, and they blew up dams that held water for drinking and fighting fires so that salmon could roam free. But then libs could never be accused of being visionaries ... beyond adding people to their camp without first determining that they have a rational means of accommodating them.

 

[AM64]

I guess if you have a lot of wind and dry burnable fodder around, perhaps you should run power lines underground ... but then there is the earthquake thingy. Perhaps CA should be looking more at planning and limiting growth to a level that the country can withstand.

Take the federal money away from fire fighting/recovery, build the damn wall, and help CA address it's population problem.

 

[Rasputin_Vol]

I guess if you have a lot of wind and dry burnable fodder around, perhaps you should run power lines underground ... but then there is the earthquake thingy. Perhaps CA should be looking more at planning and limiting growth to a level that the country can withstand.

Take the federal money away from fire fighting/recovery, build the damn wall, and help CA address it's population problem.

Or clear their transmission line and gas pipeline right-of-ways of vegetation...

 

[AM64]

Or clear their transmission line and gas pipeline right-of-ways of vegetation...

That goes without saying. Even Trump said CA wasn't managing the fire fodder properly.

 

[McDad]

California is such a stupid place...

For instance, they have a water crisis, yet border the world's largest ocean. They also have a huge desert in the eastern part of the state with plenty of sunshine. How hard would it be to build a large scale desalinization plant with solar pumps that carries the water from the ocean to a large scale solar powered de-sal plant in the Mojave? Plenty of water for everyone concerned when it's done. Plenty of land not being used out east of the major metro areas. If an oil rich country like Saudi Arabia can do it on solar alone, no reason we wouldn't have the means to do it.

Hey, here's an option to put the chocolate syrup on that bowl of vanilla bean ice cream. They have a homeless...I mean a un-domiciled population crisis. Have California start a state run, modern day CCC where they offer such folks a decent wage, three hots (maybe two hots and a bag lunch) and a cot for building such a system. I'd dare say there'd be plenty of people willing to volunteer for such a project if it meant getting back on their feet. And probably plenty of people that have basic skills to perform such labor. Maybe a retraining program that gives such people a new trade...

No more water crisis. No more depending on other states for a water flow. Way reduced homeless crisis. A good use of tax dollars, but in turn, they recoup that money via sales from their state run industry. Renewable energy facilities. Creates an infrastructure market supporting such a project. Win-win-win-win-win-win.

Which means California won't do it.

These are great ideas.

 

[VolStrom]

California will whine and cry when their next earthquake hits and costs 3 times what the hurricanes in the east have cost in the last 100 years.

 

[AM64]

California will whine and cry when their next earthquake hits and costs 3 times what the hurricanes in the east have cost in the last 100 years.

Very likely. CA worked hard to be the most enlightened state in the union, and this last year they absolutely nailed it ... beyond anyone's wildest expectations.

 

[Velo Vol]

For instance, they have a water crisis, yet border the world's largest ocean. They also have a huge desert in the eastern part of the state with plenty of sunshine. How hard would it be to build a large scale desalinization plant with solar pumps that carries the water from the ocean to a large scale solar powered de-sal plant in the Mojave?

Why pump the water that distance?

Anyway, there's a pretty big plant near San Diego. They're expensive.

 

[Orangeslice13]

Might want to spend less on supporting illegals and more on infrastructure

 

[Vol737]

And they have apps in SF so you can report human sh** piles on the sidewalks

Like when Nancy Pelosi is home and goes out for a walk?

 

[Grand Vol]

Why pump the water that distance?

Anyway, there's a pretty big plant near San Diego. They're expensive.

I was thinking space, plenty of sunlight for solar power and somewhat of a centrally located area to support the LA, Bakersfield and San Diego metro areas. Plus, I think the concentrated solar still idea could work in that kind of an area since the natural heat from the desert area and plentiful power generated by solar (maybe even wind) could help the process along.

Sure, you could have a bunch of little plants going up and down the coast, but with the Mojave, space is plentiful and so is sunlight. Perhaps a combination of a concentrated solar still with an additional solar powered portion providing additional heating of the water could significantly increase the amount of condensation that's produced.