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A comment on California Mayors Join Campaign to Buy Out PG&E. Parent comment

Re:California Mayors Join Campaign to Buy Out PG&E by dickeytk on Tuesday November 05, 2019 @08:03PM (#21458727)
Do they have to go bankrupt? Can’t the state just pass laws to force them to quit operating? Sort of like eminent domain (or maybe exactly?)

I’m sure they’d have to make reasonable payments to the shareholders, but it’s not like PG&E is in a very good bargaining position here

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Re:California Mayors Join Campaign to Buy Out PG&E by antisthenes on Tuesday November 05, 2019 @09:44PM (#21459262)
Quit operating?

Who's going to provide power to 16 million customers in California?

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Re:California Mayors Join Campaign to Buy Out PG&E by dickeytk on Tuesday November 05, 2019 @09:54PM (#21459326)
There is no need to be dense, of course I mean not straight away.

I’m just saying there is a path where the government can take over the utility that doesn’t require waiting until PG&E goes completely bankrupt.

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