February 2020

Mike Danko explains to the Wall Street Journal  that if the Wildfire Victims’ Trust is funded in part with PG&E stock, then victims would necessarily bear the financial risk of future wildfires, at least until the stock can be sold.  But the risk is mitigated by a $21 billion insurance fund that PG&E would be…

PG&E wants to be out of Chapter 11 Bankruptcy by June 30.  But Governor Newsom doesn’t like PG&E’s exit plan. “I have no interest in the existing management and the existing board,” Newsom said. “It has to be a completely new company.” And he kept repeating this threat: “There’s going to be a new company…