The guv sounds tough — but he has no plan. And he's ignoring the only (obvious) solution to the current and future crisis.
By Tim Redmond
Gov. Gavin Newsom is sounding all harsh and tough toward PG&E as Northern California burns out of control again and the blackouts continue.
At a press event that he promoted on Twitter, Newsom said that PG&E’s “years of greed, years of mismanagement, years and years of putting shareholders over people are over.”
Watch the video: It’s classic Newsom. “We will hold them to account,” he says. “We will restructure” the company when it gets out of bankruptcy.
And then … what?
How is that “restructuring” going to work if PG&E remains a privately owned utility that sets up its own corporate structure? How are we going to “hold to account” a company when it’s already in total collapse – and Newsom has no plan to address that except to ask Warren Buffett to buy it?










