It Took PG&E 8 Months To Prune A Tree Where Leaves Had Already Been Burnt By Power Lines "Inches Away" [zero hedge]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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US:NYSE Investor Relations:
finance.yahoo.com/quote/pg
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Source: zero hedge
We reported back in July that PG&E had known for years that hundreds of miles of high-voltage lines running in high-risk fire areas were at risk of failing and sparking a fire. And instead of acting swiftly to make the necessary upgrades, it appears the company routinely failed to identify the infrastructure most in need of maintenance.As we plumb these depths of incompetence at PG&E, another example has emerged that truly shows off the company's apathy as it related to potential fire hazards: it took PG&E eight months to prune one tree that was at risk of causing a fire, Bloomberg reports.The tree, located in a "fire prone" area in Northern California, already had leaves singed off of it as wind gusts had blown it into a power line that was "inches away". The tree was first flagged for maintenance back in November of 2018. Several months went by and one of the company's tree-trimming contractors certified in February that the work had been completed. It hadn't been.In April, a "pre-
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PCG
News
- It Looks Like Shareholders Would Probably Approve PG&E Corporation's (NYSE:PCG) CEO Compensation Package [Yahoo! Finance]Yahoo! Finance
- California regulators approve flat rate for electric bills, impacting utility companies like PG&E [CBS News]CBS News
- California Rejects PG&E Bid for Minority Sale Amid KKR Talks [Yahoo! Finance]Yahoo! Finance
- California Regulators Reject PG&E Plan to Sell Generation Assets [Yahoo! Finance]Yahoo! Finance
- California Rejects PG&E Bid for Minority Sale Amid KKR Talks [Financial Post (Toronto, Ontario, Canada)]Financial Post
PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 5/7/24 - Form 4
- 5/1/24 - Form 4
- 4/30/24 - Form 144
- PCG's page on the SEC website