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| The potential bankruptcy of the California utility whose negligence likely plays a role in California’s wildfires is an opportunity for the public to gain control of the state’s energy destiny |
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Cal Fire found that three separate wildfires across the state in 2017 were caused by PG&E, and the utility could be liable for up to $12 billion in damages from more than 800 civil lawsuits., Mario Tama/Getty Images
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There is strong evidence that the wildfires raging through California right now—killing at least 80 people, with at least an additional 1,000 missing as of November 18—have been sparked at least in part by the large investor-owned monopoly utility, PG&E.
Further, PG&E’s apparent negligence and its consequences aren’t new. Cal Fire found that three separate wildfires across the state in 2017 were caused by PG&E, and the utility could be liable for up to $12 billionin damages from more than 800 civil lawsuits.
With that backdrop, PG&E teeters on the brink of bankruptcy, and the California Public Utility Commission is now thinking of breaking up the utility. But the commission shouldn’t stop at breaking up PG&E. The public should take it over.
That, in fact, is what should be happening with investor-owned utilities across the country: move them out of the hands of corporate power and into democratic, local control.
PG&E is notorious for taking the money it receives from ratepayers and not putting adequate amounts of that money into its energy infrastructure. But it does pay its CEO, Geisha Williams, handsomely: $8.56 million in 2017, as devastating fires hit PG&E’s service area and as the utility was found negligent for a 2010 gas explosion that killed 8 people.
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