The potential benefits of a public takeover of PG&E are significant. But there's no guarantee a government entity could provide safer, cleaner or cheaper electricity than the reviled company it would replace.
, which killed 85 people and largely destroyed the Sierra foothills town of Paradise.
A self-described “public power guy,” Freeman has led several of America’s largest public utilities, including the Los Angeles Department of Water and Power, Sacramento Municipal Utility District, Tennessee Valley Authority and New York Power Authority.
With a larger entity, “you definitely get the public accountability, but you might not have as much community buy-in,” Moline said. So far, the governor isn’t satisfied. He has criticized the financing element of PG&E’s plan, arguing that it wouldto spend billions of dollars on needed safety improvements. He has also called for PG&E to replace its board of directors, and to do more to ensure customers aren’t burdened with big rate increases.
To exit bankruptcy, PG&E must first persuade the California Public Utilities Commission, whose members are appointed by the governor, to approve its reorganization plan — essentially giving NewsomAdvertisement “Our lawyers and our accountants and actuaries have not figured out how you can take an investor-owned pension, transfer those assets to the state and preserve exactly the benefits that people have,” said Tom Dalzell, business manager for IBEW Local 1245.
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