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Posted by: thepinetree on 11/04/2019 10:00 AM Updated by: thepinetree on 11/04/2019 10:00 AM
Expires: 01/01/2024 12:00 AM
:

Governor Newsom Outlined State Efforts to Fight Wildfires & Ensure Stable Power Grid

Sacramento, CA...Governor Gavin Newsom today redoubled his call for fundamental change to PG&E and laid out a path forward to ensure the overly broad application of Public Safety Power Shutoffs (PSPS) will never happen again. After spending eight days on the road talking to Californians during the blackouts and wildfires and deploying state resources to help those impacted, the Governor outlined the state’s efforts to fight wildfires, protect vulnerable Californians and ensure that going forward, Californians have safe, affordable, reliable, and clean power.




In a Medium post and in taking questions at the Capitol from media, the Governor laid out the steps the parties in the PG&E bankruptcy must take to ensure safety investments and fundamental transformations can be made before the next fire season. His office also released a roadmap of how a transformed PG&E should operate.

To help the state game out every option and be prepared to intervene, the Governor is tapping his Cabinet Secretary Ana Matosantos to serve as Energy Czar along a with a dedicated team of advisors. Matosantos will continue to serve as Cabinet Secretary and play a leadership role in the budget process.

The Governor’s Medium post reads in full below:

This week, Californians stepped up and met the moment. In the face of fires and unprecedented blackouts, our state banded together – everyday Californians, local leaders, private businesses, philanthropy, unions and state government – to make sure that no Californian was left behind.

California’s incredible firefighting and emergency response personnel showed why our state is world-class when it comes to wildfire preparation and firefighting expertise. Faced with historic winds and extreme fire danger, CAL FIRE quickly extinguished more than 2,000 wildfires this week and contained a number of fast-moving blazes, like the Kincade and Tick fires, without widespread loss of life. The latest predictive technologies, prepositioned fire crews, new equipment, expedited vegetation management, and increased staffing all worked to keep Californians safe and minimize property damage. With our wildfire mitigation efforts that stopped wildfires before they started, and this immediate response to quickly put out the fires, thus far California has experienced a fire season that is below the average in the last five years in the number and severity of wildfires and the resulting damage.

While this week showed how California is leading the world in wildfire prevention and response, PG&E presented the opposite portrait. Long and widespread blackouts highlighted their culture of ineptitude – a behemoth that was slow to act and resistant to change.

For decades, PG&E failed to prioritize public safety. Their lack of safety investments left PG&E – and nearly half of Californians – with an antiquated electrical system that is vulnerable to weather events and not at all prepared for the more extreme weather associated with the climate change that has been predicted for the past several decades and is now here. This outdated infrastructure, lack of preparation and a failure to lead and be accountable to their customers and communities led PG&E to today’s overreliance on, and botched implementation of power shutoffs – failing customers and the state. Millions of Californians lost power for days at a time. Far too many households and businesses were without power for seven days straight.

This cannot – and will not – be the new normal. California demands better. PG&E customers deserve a utility that leads the nation – just like our state’s fire and emergency response personnel. California utilities must reflect our values by prioritizing public safety, affordability, renewable energy innovation, and climate change adaptation. Some of California’s utilities are leading the way. However, PG&E must fundamentally change – starting with a total transformation of its culture and governance. Most importantly, those changes must begin now, ahead of next year’s fire season.

The major wildfire safety bill that I signed into law earlier this year – AB 1054 – requires PG&E to make these fundamental changes. It forces PG&E to make massive investments in safety, ties executive compensation to the utility’s safety record and demands that every year the utility earn a safety certification from the state. And earlier this week, a newly energized California Public Utilities Commission took strong action by opening a major investigation into PG&E’s use of Public Safety Power Shutoffs (PSPS), and vowing a total reform of the rules and regulations governing power shutoffs.

But achieving a permanently transformed utility requires PG&E to exit bankruptcy as quickly as possible. The State of California is developing the blueprint for a transformed utility. Consistent with AB 1054, PG&E must incorporate that blueprint into its bankruptcy plan. To expedite the exit from bankruptcy and facilitate implementation of this transformation, I am convening current executives and shareholders of PG&E, wildfire victims, and PG&E’s other creditors in Sacramento next week in an effort to accelerate a consensual resolution to the bankruptcy cases that creates a new entity – one that better reflects our California values and will advance massive safety transformations beginning before next fire season.

Let me be clear – the creativity that so many people desire for PG&E to be a new company that prioritizes safety, understands the communities it serves, and is responsive to the needs of customers can only happen if we first get out of bankruptcy court.

It is my hope that the stakeholders in PG&E will put parochial interests aside and reach a negotiated resolution so that we can create this new company and forever put the old PG&E behind us.

If the parties fail to reach an agreement quickly to begin this process of transformation, the state will not hesitate to step in and restructure the utility.

To that end, I have tapped my Cabinet Secretary, Ana Matosantos, to serve as the state’s Energy Czar to lead a dedicated energy team with Ann Patterson, our lead attorney on the matter, Alice Reynolds, our lead energy and environmental policy expert, and Rachel Wagoner, our senior legislative strategist, spearheading the Administration’s energy efforts. They will work closely with other senior leadership in my office, outside legal, financial and energy advisors, and leadership across state government to game out every option and prepare a plan should the state need to intervene. All options are on the table.

Californians deserve world-class utilities that prioritize safety and affordability, entities that will lead the world in green innovation and zero-carbon growth. That will continue to be the priority of our state and my Administration.

###


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Thank you Governor!
Posted on: 2019-11-04 11:04:25   By: Anonymous
 
Fortunately he is seeing that work has begun on this daunting task of stopping PG&E's habit of neglecting equipment in favor in high executive salaries and bonuses - and huge shareholder dividends. They want those dividends, regardless of safety - just blame it on housing, building codes or something else. Getting us all in a safe condition will be a significant task that must be addressed and have significant results quickly.

[Reply ]

    Take it over now
    Posted on: 2019-11-04 11:15:40   By: Anonymous
     
    PG&E needs to be taken over by the state.
    Basis necessities, like electricity, have no business being privately owned and traded on the stock market.
    There’s no incentive to put profits toward safety and upkeep when your whole directive is providing bonuses to execs and increased shares dollars to your investors.

    [Reply ]

      Re: Take it over now
      Posted on: 2019-11-04 11:49:51   By: Anonymous
       
      Seriously? Think the DMV. What could possibly go wrong?

      [Reply ]

      Re: Take it over now
      Posted on: 2019-11-05 06:51:59   By: Anonymous
       
      Really? Taken over by the STATE of CALIFORNIA??? ARE YOU CRAZY? ARE YOU INTO S&M?? Just look at how well the DMV is run!!!
      Just look at the PRICES OF GASOLINE AND DIESEL is in this state!!! About the HIGHEST PRICES IN THE 🇺🇸
      Look at where the fires took place, under the care not of the federal government but the CARE OF THE STATE OF CALIFORNIA.
      If the state took over PG&E your electric prices would DOUBLE!!! The state of CA would be sued 10 times over for mismanagement our taxes would skyrocket over lawsuits.
      We all would benefit for PG&E to be bought out from another energy company, keeping the field workers and firing the entire upper management. All they were doing was trying to become rich and keeping the people who owned stock happy. That's what greed and mismanagement will do to a company in time.
      If the state takes over the DEMOCRATS in power will screw it's citizens over like usual. By that I mean the real, United States citizens of Calif who work and pay taxess, not the leeches who live here, not the illegals who don't pay taxes, THE WORKING WOMEN AND MEN WHO PAY TAXES THAT WITHOUT US, THIS STATE WOULD BE BANKRUPT.


      [Reply ]

    Re: Thank you Governor!
    Posted on: 2019-11-04 15:34:57   By: Anonymous
     
    Hey Dumb Fukc PG&E hasn't paid out dividends for years. Do your home work first before you pop off about dividends Chump...

    [Reply ]

No Subject
Posted on: 2019-11-04 11:24:13   By: Anonymous
 
This state shouldn't own anything like our power supply, this state is run by commies, dressed as sissies, all the guy's behind him look like real men, he looks like he is straight out of the "Castro"!

[Reply ]

    Re:
    Posted on: 2019-11-04 12:12:05   By: Anonymous
     
    Gavin = JOKE !!

    [Reply ]

    Re:
    Posted on: 2019-11-07 14:01:29   By: Anonymous
     
    The Castro? You've never even walked Castro street let alone been to san Fran. Stupid hillbilly complaining about the state he lives in. F uckin priceless.

    [Reply ]

No Subject
Posted on: 2019-11-04 12:17:53   By: Anonymous
 
Everything out of this little rich brats mouth is to make himself more money, and tax us to death. You dems really don't have a clue !


[Reply ]

    Re:
    Posted on: 2019-11-04 12:25:29   By: Anonymous
     
    This governor has more scat than a Christmas goose .

    [Reply ]

      Re:
      Posted on: 2019-11-04 13:37:55   By: Anonymous
       
      Your're republican, that's why your comments.

      [Reply ]

    Re:
    Posted on: 2019-11-04 15:14:49   By: Anonymous
     
    Send your donations to: I'm an idiot C/O State capitol, Sacramento, CA

    [Reply ]

      Re:
      Posted on: 2019-11-04 17:17:40   By: Anonymous
       
      Effective December 21, 2017, PG&E Corporation has suspended, until further notice, both the dividend reinvestment and the direct stock purchase features of the Dividend Reinvestment and Stock Purchase Plan.
      PGE share price Oct 28 3.50 Price Nov 4
      7.27
      The stock crashed in late October after the judge overseeing the bankruptcy allowed alternative plans filed by creditors to be considered, a potential blow to equity holders. But shares have rallied in recent days after a mediator was appointed to work through competing reorganization plans and come up with a compromise. Traders have hoped that creditors, and in particular fire victims, are hoping to see the case resolved sooner rather than later and would be open to a compromise that would preserve at least some equity value.

      PG&E's initial rally on Monday appears tied to market gossip that a compromise was likely, which in turn likely led to some short covering. But the shares lost some of those gains following a report in the San Francisco Chronicle that the bankruptcy court has ordered PG&E to answer questions about blackouts the utility imposed in October, as well as about the potential cause of the recent Kincade fire.

      The judge's questions relate to issues that could lead to more PG&E creditors, and potentially less recovery for equity holders.

      Now what
      PG&E is a stock best left to daredevils and thrill ride enthusiasts. The shares have nearly doubled over the past five days but are still down 60% over the past three months.

      [Reply ]

        Re:
        Posted on: 2019-11-05 05:11:36   By: Anonymous
         
        Republicans, there comments as stupid as Donald Trump.

        [Reply ]

          Re:
          Posted on: 2019-11-05 05:36:53   By: Anonymous
           
          Lick my Republican Balls ...

          [Reply ]

            Re:
            Posted on: 2019-11-05 11:41:39   By: Anonymous
             
            Since when did c u n t s have balls?

            [Reply ]

          Re:
          Posted on: 2019-11-05 12:54:41   By: Anonymous
           
          Your spelling is proof that democrats are too stupid to vote responsibly! Go back to the 3rd grade and finish your education ! LOL

          [Reply ]

            Re:
            Posted on: 2019-11-06 15:28:38   By: Anonymous
             
            Gavin is an absolute idiot, and what idiot would name their kids Gavin.

            [Reply ]

              Re:
              Posted on: 2019-11-07 07:18:07   By: Anonymous
               
              He's highly educated, good looking and has done extremely well for himself. All the qualities you lack. What's your name, let me guess...Billy Bob? You like meat and tators.

              [Reply ]


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