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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Kim-Mai Cutler‏Verified account @kimmaicutler 14 Nov 2018
      • Report Tweet
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      Kim-Mai Cutler Retweeted Ed Ludlow

      So.... what does PG&E filing for bankruptcy mean for Californians? Can some smart people on energy policy, insurance, climate, etc. respond to this below?https://twitter.com/EdLudlow/status/1062739216109514752 …

      Kim-Mai Cutler added,

      Ed LudlowVerified account @EdLudlow
      Ugly for PG&E. Shares down 19% - sell off on possibility it was PG&E's equipment that sparked the #CaliforniaWildfires - Bloomberg Intelligence saying on @TheTerminal the risk of bankruptcy now "very real". PG&E has lost 43% of its value since #CampFire broke on Nov.8 #TicTocNews pic.twitter.com/p9Kf1CKhsA
      Show this thread
      6 replies 9 retweets 21 likes
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      Kim-Mai Cutler‏Verified account @kimmaicutler 14 Nov 2018
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      Hm, $3.46B in cash and cash equivalents & another $1.4B in wildfire insurance coverage. But up to $17.3B in potential liabilities for 2017’s wildfires, according to JP Morgan.https://www.bloomberg.com/news/articles/2018-11-14/pg-e-plunges-in-early-trading-amid-wildfire-destruction?utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_medium=social&utm_content=business&utm_source=twitter …

      8:27 AM - 14 Nov 2018
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      • Ruben Harris - IG: @rubenharris Wear Your Damn Mask Spike is working on some stuff DSA Red Lotus Caucus 🧜🏼‍♂️🔎🌺 Dan Finlay Robert Thomas inversecondemnation.com Liliana Aide Monge (She/Her/Ella) insidevoices Fire Tracker
      5 replies 5 retweets 5 likes
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        2. Long Time No Siege‏ @JolleyWill 14 Nov 2018
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          Replying to @kimmaicutler

          SB901 means that liabilities may be manageable 2019-forward from stress-testing the balance sheet and what they can handle. 2018 is unclear so we don't know. However, nobody at a high level in state gov't wants a bankrupt PG&E. It'd destroy chances to hit clean energy goals.

          1 reply 0 retweets 0 likes
        3. Long Time No Siege‏ @JolleyWill 14 Nov 2018
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          Replying to @JolleyWill @kimmaicutler

          They've essentially been greenlighted to issue cost-recovery bonds due to wildfires as part of their ratebase so cash is less meaningful than it used to be. But again, it's really about the 2017/2018 penalties. If they make it through this they *should* be ok.

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Jemima Kiss‏Verified account @jemimakiss 14 Nov 2018
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          Replying to @kimmaicutler

          Critical national infrastructure should be owned by the state and not run for profit. But then I'm European, so I would say that. I've never understood why PG&E had such a monopoly here.

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        1. Michael Hoexter  🔥‏ @mike_cal 14 Nov 2018
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          Replying to @kimmaicutler

          Should be bought out by the state with a plan to transform its system to 100% renewable energy by 2030 & undergrounding high fire-risk distribution lines. “Natural” monopolies should be publicly owned with transparent oversight IMO.

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