California Mayors Back Plan to Make PG&E a Cooperative [The New York Times]
Pacific Gas & Electric Co. (PCG)
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Source: The New York Times
California Mayors Back Plan to Make PG&E a Cooperative - The New York Times Frustrated with wildfires and intentional blackouts caused by Pacific Gas & Electric, more than two dozen California mayors and county leaders are calling for a customer-owned power company to replace the giant utility. In a letter delivered Tuesday to the California Public Utilities Commission, the local officials embraced a proposal by Mayor Sam Liccardo of San Jose to create a cooperative that would use their collective resources to take over the utility. PG&E, which filed for bankruptcy protection “The commission must do more than approve a plan — any plan — merely so that the bankruptcy can be concluded,” the government officials stated in the letter. “This situation requires a full and comprehensive effort to chart a sustainable course for the future of PG&E, one that will serve the interests of its customers, and position the company to meet the challenges we will face from a changing .” PG&E said it wa
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PCG
Earnings
- 11/7/24 - Beat
PCG
Sec Filings
- 11/13/24 - Form FWP
- 11/13/24 - Form 424B5
- 11/12/24 - Form SC
- PCG's page on the SEC website