PG&E’s criminal probation is ending, but the company remains a ‘menace to California’ [The Verge]
Pacific Gas & Electric Co. (PCG)
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Source: The Verge
A burned tree is seen through the window of a business that was destroyed by the Dixie Fire on September 24, 2021 in Greenville, California.Photo by Justin Sullivan/Getty ImagesEmbattled California utility PG&E ends a five-year felony probation period tomorrow that failed to rehabilitate the company, according to the“In these five years, PG&E has gone on a crime spree and will emerge from probation as a continuing menace to California,” US District Judge William Alsup wrote in a scathingreport“PG&E has gone on a crime spree”The company wasplaced on probationSince then, PG&E has caused even more devastation, Alsup writes. While on probation, according to Alsup’s report, PG&E was responsible for at least 31 blazes that killed 113 people and scorched 23,956 homes and buildings. ThedeadliestdestructiveParadisepleaded guiltySystemic problems at PG&E are to blame for the devastation, according to Alsup, who described how the utility neglects to clear hazardous trees and vegetation near its
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PCG
Earnings
- 2/22/24 - Beat
PCG
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- PCG's page on the SEC website