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The PG&E Bankruptcy – Scorched Earth

By Energy Rant No Comments
This blog features dozens of posts regarding the nuances, obscurities, and upside down world of the public utility industry. To wit, every other industry provides things people need or want at the lowest possible price in competition with dozens or even hundreds of competitors or alternatives. Conversely, electric utilities with transmission and distribution systems are fully regulated with an obligation to serve all customers. Those customers have no other choice. The show must go on. To financially destroy a utility serves no one but attorneys. This post is about the bankruptcy and viability of the nation’s largest investor-owned utility, Pacific…
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