Letters to the Editor: Public utilities are the way to protect consumers and our planet [Los Angeles Times (CA)]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Los Angeles Times
victims decry state law protecting utilities from cost of disasters they cause,” Jan. 16). In 2025, Newsom snuck language into SB 254 to bail out Southern California Edison for the Eaton fire. Now, working Californians are paying billions of dollars to cover the cost of fires that these private “public” utilities caused or might have caused. The executives of SoCal Edison and PG&E care only about maximizing profits at every turn. We will not survive climate disasters if this system continues. That utilities are commodities sold on the private market and not a human right is exactly why we are in this situation in the first place. Politicians like Newsom advocate for private markets that rely on “competition” to keep costs low. But when these billion-dollar industries fail through their own risky, exploitative practices, they receive a bailout. If Newsom actually believes in free market competition as a gold standard for lowering costs, then why is he bailing out PG&E and SoCal E
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PCG
Earnings
- 10/23/25 - Beat
PCG
Sec Filings
- 1/27/26 - Form 4
- 1/5/26 - Form 4
- 12/29/25 - Form 4
- PCG's page on the SEC website