If there’s one thing the government is good at, it’s fixing massive crises.
If you just rolled your eyes to that statement, then you’ll know that Gov. Gavin Newsom’s (D-CA) threat to take over energy company PG&E is just as absurd as it sounds.
That’s not to say PG&E can handle the issues that have sparked massive wildfires in California — clearly they can’t — but the idea that the government can step in and solve the problem is laughable.
Newsom said Friday that he wanted get involved in PG&E’s bankruptcy case to get to a solution faster.
“We want to broker that mediation and are calling on all the parties to come in early next week to jumpstart those negotiations,” Newsom said at a news conference, as reported by NPR.
As the outlet reported, Newsom “left little doubt” that he wanted the state government to take part in the company’s restructuring. – READ MORE