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Stock impact report

PG&E, Newsom and lawmakers had months to plan for a power outage. They didn't plan enough [Los Angeles Times (CA)]

Pacific Gas & Electric Co. (PCG) 
Last pacific gas & electric co. earnings: 5/1 08:21 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/pg
The outrage expressed by many mucky-mucks over power blackout hardships reminds me of that classic line from police Capt. Louis Renault in the movie “Casablanca . ” “I’m shocked, shocked to find that gambling is going on in here,” the Claude Rains character exclaims just before the croupier hands him his winnings. Several utility executives and political leaders seemed shocked, shocked to find that when electricity is shut off, traffic lights go dark and drivers smash their cars. Garage doors won’t open. Food rots in refrigerators. Phones die. Air conditioners don’t cool. Batteries can’t be recharged for power scooters relied on by disabled people. The aged become especially vulnerable. Also, shock , a company — Pacific Gas & Electric — that for many years has repeatedly proved its incompetence fails miserably to communicate with customers about what to expect. Gosh, who would have thought? PG&E execs, the governor, lawmakers and regulators had months to plan for a big power shutdown Show less Read more
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