PG&E wants to be out of Chapter 11 Bankruptcy by June 30.  But Governor Newsom doesn’t like PG&E’s exit plan. “I have no interest in the existing management and the existing board,” Newsom said. “It has to be a completely new company.” And he kept repeating this threat: “There’s going to be a new company…

By blocking PG&E’s plan to exit bankruptcy, California’s governor pushes PG&E towards liquidation.  Firm clients speak out on CNBC. Mike Danko explains that, if PG&E is liquidated, wildfire victims stand to lose. Watch online.

The CPUC is out with its report on the Camp Fire.  The report lists all the opportunities PG&E had to prevent the fire from happening.  Instead, PG&E chose to neglect safety and maximize profits. Mike Danko tells the Wall Street Journal, “It’s not one bad day, not one missed hook. They let the equipment run…

“Each of the competing proposals gives financial backers an out under certain conditions. For example, if PG&E-sparked fires burn down 500 houses this year, the backers of those plans can withdraw, Danko said.” Read the Chicago Tribune Article online.