How much and what the state can do remains to be seen. …
How much and what the state can do remains to be seen.
California governor, lawmakers confront utility bankruptcy
SACRAMENTO, Calif. (AP) — The announcement by the nation's largest utility that it is filing for bankruptcy puts Pacific Gas & Electric Co.'s problems squarely in the hands of Gov. Gavin Newsom and state lawmakers, who now must try to keep ratepayer costs down, ensure wildfire victims get the money they're owed and rethink California's energy picture in the face of climate change. "This issue is all about three fundamental things: It is about safety, it's about reliability and it's about affordability," Newsom told reporters Monday afternoon after spending the day in and out of meetings with lawmakers about the pending bankruptcy.