Should city government focus on fighting homelessness, reducing traffic gridlock and building more affordable housing – or should politicians spend $6 billion buying PG&E and running our local utility?
Archives for August 2019
Mandatory Stop-Use Notice: Miller MightEvac, MightyLite Self-Retracting Lifeline
PG&E Debt to Fire Victims to Be Set Outside of Bankruptcy Court (via Bloomberg Law)
Two judges will oversee separate court fights that will decide how much the California utility owes wildfire victims, U.S. Bankruptcy Judge Dennis Montali said in court Aug. 27.
Letter Agreement 19-23: Establish new classifications in Division Electric Meter Department for Energy Diversion Investigators and Specialists
Sonoma Clean Power Update: Local projects are hard to do (via Sonoma West Times & News)
Sonoma Clean Power’s local purchases could soon total 56 megawatts of energy. But this year Sonoma Clean Power needs about 350 megawatts on an average day, with an occasional peak of up to 570. Local production is far from filling local needs.
PG&E wants to gradually add $30 per month to the average residential bill (via SF Chronicle)
The 16 million people served by Pacific Gas and Electric Co. will not pay more money as a direct result of the utility’s plan to resolve its bankruptcy case, company leaders say.
“He’s Full of Shit”: How Elon Musk Fooled Investors, Bilked Taxpayers, and Gambled Tesla to Save SolarCity (via Vanity Fair)
The controversy over SolarCity, which has dovetailed with questions about Musk’s mountain of debt and profit shortfalls, offers a window into the mindset of America’s most outlandish CEO.
Support IBEW 1245 Member Undergoing Open Heart Surgery
PG&E Gas Compliance Representative and five-year IBEW 1245 member Sean Lozano was recently diagnosed with a series of serious heart conditions and is preparing to undergo an LVAD open heart surgery. He is just 32 years old. Brother Lozano and his wife, Kasey, are staying in Los Angeles as Lozano undergoes heart surgery at Cedars… [Read More]
PG&E’s CEO could make up to $110 million in bonuses if its stock rebounds, investors warn (via Sacramento Bee)
PG&E bondholders seeking to get a deal on the company’s stock are raising concerns about the CEO’s pay structure, warning Bill Johnson could earn up to $110 million if the company’s share prices return to their 2017 peak.
PG&E CEO asks lawmakers to approve $20 billion debt plan (via SF Chronicle)
PG&E Corp. CEO Bill Johnson personally urged state lawmakers Wednesday to let the company take on billions of dollars in new debt to help pay victims of catastrophic wildfires caused by its power lines.
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