Meawhile, on Wall Street...https://www.barrons.com/articles/pg-e-stock-slumps-after-judge-rules-bondholders-can-propose-bankruptcy-plan-51570711538 …
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Replying to @bedwardstiek
Kim-Mai Cutler Retweeted Jared Ellias
@jared_ellias had a thread on this yesterday:https://twitter.com/jared_ellias/status/1182148093166284800 …Kim-Mai Cutler added,
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Replying to @kimmaicutler @jared_ellias
Right, but I had no idea their actual re-org plan falls apart if they start a fire!
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Replying to @bedwardstiek @jared_ellias
Kim-Mai Cutler Retweeted Jared Ellias
if we made them a public utility, we as a body politic would then have to have the conversation about whether we want to insure people living in parts of California that will regularly burn down more and more.https://twitter.com/jared_ellias/status/1182163688523886593 …
Kim-Mai Cutler added,
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Because right the insurers assume to an extent that they can just go file billions of dollars of claims to PG&E.https://www.wsj.com/articles/pg-e-strikes-11-billion-settlement-with-insurers-over-deadly-wildfires-11568383221 …
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and I don't think our current structure is set up to do that. Could you imagine being elected reps for those areas?https://www.pressdemocrat.com/news/9502508-181/gov-gavin-newsom-wont-block …
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