PG&E Sparked at Least 1,500 California Fires, Now Faces Collapse

Re:PG&E Sparked at Least 1,500 California Fires, Now Faces C... by lenticular on Monday January 14, 2019 @04:16PM (#18906580)

Yet another lesson of why natural monopolies should be under government control.

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Re:PG&E Sparked at Least 1,500 California Fires, Now Faces C... by closeparen on Monday January 14, 2019 @04:29PM (#18906704)

How would government control have prevented the fire?

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Re:PG&E Sparked at Least 1,500 California Fires, Now Faces C... by lenticular on Monday January 14, 2019 @05:07PM (#18906986)

PG&E by many reports has been negligent in maintenance. The taxpayers will ultimately bail them out, since they are essentially too big to fail.

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Re:PG&E Sparked at Least 1,500 California Fires, Now Faces C... by debacle on Monday January 14, 2019 @04:28PM (#18906695)

Utility companies like PG&E are highly regulated. I worked at a company that serviced PG&E a while back and compliance made up a large part of our staff and were the first and last word on any business decisions.

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Re:PG&E Sparked at Least 1,500 California Fires, Now Faces C... by ams6110 on Monday January 14, 2019 @04:37PM (#18906776)

So instead of PG&E shareholders taking the hit for negligence, the taxpayers will?

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Re:PG&E Sparked at Least 1,500 California Fires, Now Faces C... by antisthenes on Monday January 14, 2019 @04:39PM (#18906789)

The taxpayers are going to take a hit regardless. Who do you think will be bailing out PG&E in the end?

Or do you think they will just leave 16 million customers without electricity?

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