PG&E Corporation PCG
Nov 12, 2026, 1:36 PM EST
- YTD
- -19.45%
- 1 year
- -22.99%
Discussion (224)
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I can’t believe Newsom blames all this on pge, after years of drought and the millions of dead trees in our mismanaged state forest, no one else is taking responsibility for the fact that we can’t stop the fires once they start, until we address the real problem we are going to have devastating wildfires, last I checked power lines are not the only source of ignition
Newsom holds the plan as hostage to force a complete board directors swapped and the financial structure revised. The critical sounds like lying in the financial structure, a balance between all stakeholders.
As long as claimants are settled, no one on earth could rob the owners of their interests in the company with intrinsic great values, unless in a lawless country or through revolution. Gavin is probably just wanting to see a best outcome for himself politically, which is a delicate balance game.
Why are there so much interests in a bankrupted company? We need to understand that, for one, this is an indispensable and always profitable business barring disasters; second, its infrastructure is a great value or cost to replace, so of its intrinsic business value. With these attractive values, there are always people that are willing to invest in it, there are always people that are willing to extend credit to or lend money to them.
The confusion now is just how to settle the claims and reform the company to evolve forward in the changing climate, the fires moving northward where there are so dense forests.
The so-called customer takeover proposal means that a customer group would align with financial institutions in funding as new investments to exchange for the current owners or stock holders for ownership, in the amount of $50~60 billion, according to a reading of one LA Times article lately, in that case, it sounds like a buyout, simply because the current owners could no longer be trusted by the public. Is this a positive or negative for the current owners? Go figure!
PGE has time until Tuesday before Governor approves
It’s going up now, if you missed the low dip
It’s going down, not a good idea to buy since not sure how much is going down.
Good news, it appears PGE will be recovering soon. I anticipate 13.00 or higher tomorrow.