PG&E considering sale of Gas Division

[Ridley]

It looks like PG&E is considering the sale of their gas division. https://www.google.com/amp/s/www.sf...selling-its-natural-gas-division-13509622.php

 

[budman]

Bankruptcy of course is the name of the action, but there must be more to it.

 

[Ridley]

Bankruptcy of course is the name of the action, but there must be more to it.

Reduction of liability.

I would be that between gas and electricity, gas doesn’t make as much money.

 

[byke]

-19% in after hours trading on that news.

 

[Ridley]

Bankruptcy of course is the name of the action, but there must be more to it.

Reduction of liability.

I would be that between gas and electricity, gas doesn’t make as much money.

 

[Abacinator]

I keep getting calls from India asking me to confirm information so I can save money on my gas bill. I keep telling them to fuck off.

 

[wazzuFreddo]

I keep getting calls from India asking me to confirm information so I can save money on my gas bill. I keep telling them to fuck off.

I get calls from India saying they are PG&E and they want to give me a solar power system for my house. I tell them I’m going to build my own solar power system, with blackjack and hookers. :laughing

 

[Climber]

They should not be able to sell to an outside company, they should be required to sell it to the state for a very low price.

All of the runs of pipes have been paid for many times over by the ratepayers.

 

[Map8]

I get calls from India saying they are PG&E and they want to give me a solar power system for my house. I tell them I’m going to build my own solar power system, with blackjack and hookers. :laughing

Is that a lease or are you buying outright?

 

[FXCLM5]

how to win win in a losing scenario

 

[wazzuFreddo]

Is that a lease or are you buying outright?

I’m not doing any solar but if I was I would do all the design, procurement, permitting, and interconnection work myself and hire an electrician for the installation. I’m an EE and used to do solar on a grid scale.

 

[mototireguy]

They should not be able to sell to an outside company, they should be required to sell it to the state for a very low price.

Socialism/Communism ! ?

 

[Climber]

Socialism/Communism ! ?

Not the same model.

The rate payers have specifically been billed for capital improvements for decades. A foreign company buying the gas division would operate on the basis of owning everything and owing the rate payers nothing.

This is a different model than a normal private sector company that built up their own infrastructure through profits. It should be treated different.

 

[stangmx13]

the whole idea of a private or publicly-traded company running a utility has always confused me. our water companies are owned by the state, right? I wonder why gas and electricity havent always been that way.

 

[MysterYvil]

the whole idea of a private or publicly-traded company running a utility has always confused me. our water companies are owned by the state, right? I wonder why gas and electricity havent always been that way.

Water in Monterey County is privately owned. I don't know about others.

 

[Brokenlink]

the whole idea of a private or publicly-traded company running a utility has always confused me. our water companies are owned by the state, right? I wonder why gas and electricity havent always been that way.

No, not at all. Most are special districts.

 

[wazzuFreddo]

I probably should have taken the pension buyout when they offered but they were only offering NPV with a really aggressive discount rate. :dunno