PG&E Corporation PCG

Are we worried about the CPUC vote on Thursday? I think not. Keep in mind this is the same government entity which has always been in charge of regulating Californias utilities and argued that PGE should utilize its assets to full capacity so not to pass unwarranted and unnecessary cost to rate payers. Less spent on capital, more money for green ventures...
As always there seems to be several players, but only one payer.

Only one kind of big blue wave Im supporting in Cali.

PGE bankruptcy is a different animal.

• 2nd largest land owner in Cali behind SP railroad +/- $70 billion in assets
• $17 billion revenue per year, which is pretty much subsidized by government
• Inverse Condemnation law which keeps competition away due to inherent risk
• Leading utility in US for supporting green energy policies
• Not for sale

Camp fire was an absolute tragedy which no one foresaw or wanted.
Towns never used to burn down due to failed conductor - let alone in November.
Idk if PGE has absolutely done everything it can to right this wrong, but $25BILLION is a massive effort

In before Camp fire, in deep after Camp fire

Feels like Friday in a volatile market.

Big ugly nervous. Tic Toc...

I think that big ugly gorilla said 11 for today. Big ugly did good, time to cover tho.

Patiently, w my coffee. Life is good.

Been a long ride. Hopeful that persistence pays off come end of June - either way Ill be here till it does...

Lots of newbies losing money today.

$16-17 billion revenue/yr. No buy out from state due to risk associated with running a utility in California. Yes vote, combined w bankruptcy exit and 1054 backing - $25PT.