Government,
Environmental & Energy
Jun. 30, 2020
Bill to allow state takeover of PG&E heads to Senate floor
Senators opposing the bill raised questions about the state’s authority to take over a private company and potentially saddle taxpayers with liability.
A bill that could become a de facto death sentence for Pacific Gas & Electric Co. if the utility runs into trouble in the future headed to the Senate floor on Monday.
The Golden State Energy Act, SB 350, would authorize the Public Utilities Commission to petition for a court-appointed receiver "to assume possession of Pacific Gas and Electric Company's property and to operate its electrical and gas systems."
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