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PG&E to file for bankruptcy to deal with CA wildfire liability **Camp Fire Disaster**

 
The Wild 0nes
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User ID: 77132409
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01/14/2019 12:32 PM
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PG&E to file for bankruptcy to deal with CA wildfire liability **Camp Fire Disaster**
fucking disgrace that the state government would allow them to file bankruptcy. Under Chapter 11, they will only be responsible for a small percentage of the cost of damage. the rest of that will fall on taxpayers.

[link to www.sacbee.com (secure)]

Overwhelmed by billions of dollars in claims from the Camp Fire and the 2017 wildfires of Northern California, PG&E said Monday it plans to file for bankruptcy.

The embattled utility gave 15-day notice of its intent to file for protection under Chapter 11 of the bankruptcy code, as required by a state law enacted last fall to deal with utility fire liabilities. The company made the announcement barely 12 hours after announcing the resignation of its CEO, Geisha Williams.

“We believe a court-supervised process under Chapter 11 will best enable PG&E to resolve its potential liabilities in an orderly, fair and expeditious fashion,” said interim CEO John R. Simon in a prepared statement. He pledged to “continue providing our customers with safe service and investing in our systems and infrastructure.”

Richard Kelly, chairman of PG&E Corp., said a Chapter 11 filing “represents the only viable option to address to the company’s responsibilities to its stakeholders.”

more at link: [link to www.sacbee.com (secure)]

Last Edited by The Wild 0nes on 01/19/2019 06:02 PM
The first step is to establish that something is possible; then probability will occur.


It's easy to stand in the crowd but it takes courage to stand alone

Do i look really like a guy with a plan? you know what i am? I'm a dog chasing cars. I wouldn't know what to do with one if i ever caught it. You know, I.. I just do things. The mobs have plans. The cops have plans. They're Schemers. Schemer's trying to control their little worlds.

I'm Not a Schemer.
Broomsgoat

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01/14/2019 12:56 PM

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Re: PG&E to file for bankruptcy to deal with CA wildfire liability **Camp Fire Disaster**
fucking disgrace that the state government would allow them to file bankruptcy. Under Chapter 11, they will only be responsible for a small percentage of the cost of damage. the rest of that will fall on taxpayers.

[link to www.sacbee.com (secure)]

Overwhelmed by billions of dollars in claims from the Camp Fire and the 2017 wildfires of Northern California, PG&E said Monday it plans to file for bankruptcy.

The embattled utility gave 15-day notice of its intent to file for protection under Chapter 11 of the bankruptcy code, as required by a state law enacted last fall to deal with utility fire liabilities. The company made the announcement barely 12 hours after announcing the resignation of its CEO, Geisha Williams.

“We believe a court-supervised process under Chapter 11 will best enable PG&E to resolve its potential liabilities in an orderly, fair and expeditious fashion,” said interim CEO John R. Simon in a prepared statement. He pledged to “continue providing our customers with safe service and investing in our systems and infrastructure.”

Richard Kelly, chairman of PG&E Corp., said a Chapter 11 filing “represents the only viable option to address to the company’s responsibilities to its stakeholders.”

more at link: [link to www.sacbee.com. (secure)] /news/business/article224504140.html
 Quoting: The Wild 0nes

Assholes, if it weren't for their customers they wouldn't have any stakeholders. How about fuck the stakeholders for a change.
Crypto-Tard

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01/14/2019 01:54 PM
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Re: PG&E to file for bankruptcy to deal with CA wildfire liability **Camp Fire Disaster**
fucking disgrace that the state government would allow them to file bankruptcy. Under Chapter 11, they will only be responsible for a small percentage of the cost of damage. the rest of that will fall on taxpayers.

[link to www.sacbee.com (secure)]

Overwhelmed by billions of dollars in claims from the Camp Fire and the 2017 wildfires of Northern California, PG&E said Monday it plans to file for bankruptcy.

The embattled utility gave 15-day notice of its intent to file for protection under Chapter 11 of the bankruptcy code, as required by a state law enacted last fall to deal with utility fire liabilities. The company made the announcement barely 12 hours after announcing the resignation of its CEO, Geisha Williams.

“We believe a court-supervised process under Chapter 11 will best enable PG&E to resolve its potential liabilities in an orderly, fair and expeditious fashion,” said interim CEO John R. Simon in a prepared statement. He pledged to “continue providing our customers with safe service and investing in our systems and infrastructure.”

Richard Kelly, chairman of PG&E Corp., said a Chapter 11 filing “represents the only viable option to address to the company’s responsibilities to its stakeholders.”

more at link: [link to www.sacbee.com. (secure)] /news/business/article224504140.html
 Quoting: The Wild 0nes

Assholes, if it weren't for their customers they wouldn't have any stakeholders. How about fuck the stakeholders for a change.
 Quoting: Broomsgoat


Actually, the shareholders will get wiped out potentially. Watch the debt holders. The Roths have a ring side seat here, one of the directors is their guy.
In the end, the truth is revealed. You might not accept it, but it will be right in front of you and undeniably true.
The Wild 0nes  (OP)

User ID: 77132409
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01/14/2019 09:11 PM
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Re: PG&E to file for bankruptcy to deal with CA wildfire liability **Camp Fire Disaster**
trumpbump
The first step is to establish that something is possible; then probability will occur.


It's easy to stand in the crowd but it takes courage to stand alone

Do i look really like a guy with a plan? you know what i am? I'm a dog chasing cars. I wouldn't know what to do with one if i ever caught it. You know, I.. I just do things. The mobs have plans. The cops have plans. They're Schemers. Schemer's trying to control their little worlds.

I'm Not a Schemer.
Butthead

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Canada
01/15/2019 09:41 AM
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Re: PG&E to file for bankruptcy to deal with CA wildfire liability **Camp Fire Disaster**
what a crock of shit
beeches

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01/15/2019 09:51 AM

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Re: PG&E to file for bankruptcy to deal with CA wildfire liability **Camp Fire Disaster**
important thread
you didn't write that post, someone else did it for you!
The Wild 0nes  (OP)

User ID: 77132409
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01/19/2019 06:00 PM
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Re: PG&E to file for bankruptcy to deal with CA wildfire liability **Camp Fire Disaster**
bump1
The first step is to establish that something is possible; then probability will occur.


It's easy to stand in the crowd but it takes courage to stand alone

Do i look really like a guy with a plan? you know what i am? I'm a dog chasing cars. I wouldn't know what to do with one if i ever caught it. You know, I.. I just do things. The mobs have plans. The cops have plans. They're Schemers. Schemer's trying to control their little worlds.

I'm Not a Schemer.