“Each of the competing proposals gives financial backers an out under certain conditions. For example, if PG&E-sparked fires burn down 500 houses this year, the backers of those plans can withdraw, Danko said.” Read the Chicago Tribune Article online....
Wildfire
KRON4’s Sanaz Tahernia asks Mike Danko how we came to be in this position and what we can do about it. ...
Mike Danko explains how PG&E seeks to limit legitimate claims by imposing a deadline that is too short for many victims. Overwhelmed or Ill Informed, 70,000 Wildfire Victims May Get Nothing Read the New York Times article on line....
Mike Danko tells the San Francisco Chronicle that PG&E’s liability for the Tubbs Fire alone could reach $18 billion. “ The best way of forcing the issue of reasonable negotiations is to have a Tubbs Fire trial looming.” Read the full San Francisco Chronicle article online....
Danko says that the federal monitor’s report highlights the continuing risk that PG&E equipment could spark another wildfire. Read the full Wall Street Journal article online. ...
To Danko, allowing an electric utility like PG&E to be owned by investors is “totally contrary to the interests of safety.” Click here to read more....
PG&E told he bankruptcy judge today that its goal in bankruptcy is to establish a fund against which wildfire victims can make a claim. Lawyers for PG&E’s victims explain why PG&E is not to be trusted. Watch the news clips....