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It’s time for a publicly-owned utility to replace PG&E

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.

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11.1.19

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”

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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.

 

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