PG&E is
scheduled to file for Chapter 11 Bankruptcy due to wildfires next week
With
billions of dollars in liabilities from home owners and insurance companies to
seek
But in the
case of Tubbs fire in 2017 billions removed from going after PG&E’s vault
A recent
state report stated that a private electrical system not PG&E was at fault
Good news
for PG&E bad news for the bankruptcy bar
Millions in
fees no longer to be had in the bankruptcy legal fees bazaar
PG&E on
the news saw its stock jump up thirty percent
Pure manna
from heaven to its stockholders sent
Even with
this relief
The company
still faces grief
The
California PUC has charged that company for five years submitted false pipeline
safety and maintenance reports
Which will
mean more equipment and personnel to insure that in the future its operations
do not come up short
Penny wise
pound foolish to on maintenance and safety scrimp
The goal of
sustained rising profits such acts will severely crimp
© January 24, 2019
Michael P. Ridley aka the Alaskanpoet
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