Activist investor Jeff Ubben criticized PG&E Corp. for postponing its deadline for nominating board members for a fifth time as the bankrupt utility-owner negotiates with competing shareholder groups.

Morgan Stanley says its investor clients are becoming too optimistic about the outlook for PG&E , the California utility currently managing its wildfire costs in bankruptcy court.

A group of investors including Knighthead Capital Management LLC, Redwood Capital Management and Abrams Capital Management have formed to press bankrupt utility giant PG&E Corp. for a management overhaul.

On Thursday, Mayor London Breed and City Attorney Dennis Herrera sent a letter to PG&E’s interim CEO and its chief financial officer regarding San Francisco’s efforts to study the prospect of buying the company’s electric distribution assets serving the city.

After an extensive review, each office determined that insufficient evidence exists to prove beyond a reasonable doubt that PG&E acted with a reckless disregard for human life in causing the fires, the standard necessary to sustain criminal charges.

What happens when a famously left-leaning city dives into the buttoned-down business of electric utilities? San Francisco may soon find out.