State Lawmakers React to PG&E Bankruptcy

Various state lawmakers in California have issued responses to PG&E officially declaring bankruptcy.

Posted: Jan 29, 2019 1:59 PM

SACRAMENTO, Calif. - Various state lawmakers in California have issued responses to PG&E officially declaring bankruptcy.

The utility officially filed for Chapter 11 bankruptcy protection following pressure from billions of dollars in claims due to California wildfires. 

“Through this process, we will prioritize what matters most to our customers and the communities we serve – safety and reliability. We believe that this process will make sure that we have sufficient liquidity to serve our customers and support our operations and obligations,” said John R. Simon, corporate interim CEO for PG&E. 

“I know that our 24,000 dedicated employees remain steadfastly focused on delivering safe and reliable natural gas and electric service for the 16 million people across our service area,” said Mr. Simon. “Each day I see the hard work and resilience of our team, and I thank them for their continued dedication to working safely and delivering for our customers,” Simon said. 

Assemblyman James Gallagher issued the following statement in response to the filing: 

“I am disappointed that PG&E is moving forward with bankruptcy. Frankly, I question whether or not they are really in a bankruptcy situation or if they are simply attempting to skirt their obligations. Keep in mind that investigators recently concluded that PG&E equipment did not cause the Tubbs Fire, and there has been no determination of liability in the Camp Fire. The bankruptcy court should do a full and thorough vetting of PG&E’s financial situation before allowing their Chapter 11 petition to proceed.

“If PG&E is determined liable for the Camp Fire, nothing should stand in the way of ensuring that fire victims are properly compensated for losses. We should look at all avenues to ensure this is so.

“I don’t want anyone to mistake my comments about PG&E as any kind of negative reflection on the lineman and frontline workers who are always battling the elements to keep the lights on. My frustration is with corporate in San Francisco. Front line PG&E workers deserve our appreciation and support.”

Senator Ben Hueso also issued the following statement in response to the filing: 

“In light of PG&E’s notice earlier this month, today’s filings should come as no surprise; nonetheless, it’s disheartening that it has come to this.

“Bankruptcy is never an ideal option. It will now be crucial for the state to ensure that we are well positioned to protect ratepayers, wildfire victims, the utility workforce and vendors in the process moving forward.

“My focus and priorities during this process remain the same: ensuring that there is safe, reliable and uninterrupted service for consumers; and that wildfire victims are treated fairly and receive just compensation for their losses.

“In the coming weeks, the Senate Energy, Utilities and Communications Committee will do its due diligence in assessing the implications regarding today's announcement. As Chair of this committee, I will continue to closely monitor the situation, and work with all stakeholders, colleagues in the State Legislature, and the Governor to ensure safe, reliable and affordable service for California ratepayers.”

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