Re:PG&E files for bankruptcy
by lamarpye on Tuesday January 29, 2019 @09:14PM
(#19032003)
There isn't zero risk the shareholders of PG&E lost 80% of the value of the stock since 2017.
Since I analysis systems for a living and for fun, it would be interesting to look at PG&E books. How much maintenance was deferred? It is possible to properly maintain their equipment with the current rate structure?
Maybe the company was put in an impossible situation by the Public Utilities Comission.
Re:PG&E files for bankruptcy
by olliej on Tuesday January 29, 2019 @10:25PM
(#19032361)
The shareholders made huge returns in the prior decades. So how much of that loss was a correction caused by the market realising the way historic profits were created was going to start costing shortly?
Since I analysis systems for a living and for fun, it would be interesting to look at PG&E books. How much maintenance was deferred? It is possible to properly maintain their equipment with the current rate structure?
Maybe the company was put in an impossible situation by the Public Utilities Comission.