For Immediate Release—Nov.1, 2019
Sacramento—Governor Newsom today announced that he will convene PG&E executives, shareholders, fire victims and bondholders in Sacramento work out a solution to the investor-owned utility’s crisis and threatened state intervention if a deal is not reached quickly.
In response, Food & Water Action California State Director Alexandra Nagy issued this statement:
“Governor Newsom is right to be exploring a public takeover of PG &E, but given the utility’s track record, public power should be plan A, not a backup option. If Newsom really wants to usher California into a safe, reliable renewable energy future, he should immediately move forward with exploring public power options. It’s time to move away from relying on utilities controlled by for-profit corporations like PG&E to more accountable and affordable options like public power”
Contact: Julie Light, 510-992-4983, [email protected]
Food & Water Action is the political advocacy arm of the research and education organization Food & Water Watch. We mobilize people to build political power to move bold and uncompromised solutions to the most pressing food, water and climate problems of our time.