PG&E: Don’t Break it Up. Take It Over
There is strong evidence that the wildfires raging through California right now—killing at least 80 people, with at least an additional 1,000 missing as of November 18—have been sparked at least in part by the large investor-owned monopoly utility, PG&E. Further, PG&E’s apparent negligence and its consequences aren’t new. Cal Fire found that three separate wildfires across the state in 2017 were caused by PG&E, and the utility could be liable for up to $12 billion in damages from more than 800 civil lawsuits. With that backdrop, PG&E teeters on the brink of bankruptcy, and the California Public Utility Commission is now thinking of breaking up the utility. But the commission shouldn’t stop at breaking up PG&E. The public should take it over.