California's largest utility, PG&E Corp, is considering bankruptcy after the state's destructive wildfires last year.
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PG&E's Bankruptcy Was Predictable And Could Have Been Prevented With Distributed AssetsWildfires may be the immediate cause of PG&E’s bankruptcy but an outdated regulatory system is also a factor. As such, PG&E’s financial and legal woes could have been mitigated not just by having better oversight but also by making more investments in distributed generation and delivery.
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PG&E Says Federal Judge's Safety Plan Is Not Feasible And Too ExpensiveThe utility company is trying to convince a federal judge to modify a wide-ranging proposal to mitigate wildfire risk. PG&E is also seeking bankruptcy protection.
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PG&E Is Just The First Of Many Climate Change BankruptciesPG&E was the victim of multiple random acts of climate violence. It could have been better prepared but could not have, alone, saved its customers, investors, creditors, etc., from these consequences of climate change. If we hold companies liable, expect many more climate change bankruptcies.
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PG&E to file for bankruptcy following devastating California wildfiresThe energy company could be held liable for more than $30 billion.
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