Regulators waive $200 million fine PG&E was supposed to pay for causing deadly NorCal wildfires.



It’s good to have powerful lobbyists in Sacramento

(From KTLA)

California regulators on Thursday suspended a $200 million fine against Pacific Gas & Electric as punishment for the utility’s neglect of electrical equipment that ignited a series of deadly wildfires in Northern California.

The waiver approved in a unanimous vote by California’s Public Utilities Commission will deprive the state coffers of money to help offset losses income and sales taxes as the coronavirus pandemic pushes the state into a $54 billion budget deficit.

Reprinted from:

0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments

More from Against Crony Capitalism: