Newsom Threatens To Take Over CA Energy Company As Wildfires Rage: Tells Trump He’s ‘Excused From The Conversation’

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California’s Governor Gavin Newsom is now threatening a possible state takeover of energy giant PG&E. The utility company is blamed for sparking deadly wildfires across the state with its outdated equipment. The governor’s socialist move is being threatened unless PG&E can emerge from bankruptcy ahead of next year’s wildfire season with a plan focused on safety. The problem is Newsom is also to blame. PG&E took the money they made from customers to invest in lunatic green schemes instead of fixing infrastructure and that was at the behest of leftist leadership in California like Newsom.

Newsom has summoned all sides to meet next week to find a solution to the apocalyptic fire emergency the state faces. He will try and mediate a solution involving Pacific Gas & Electric. But if an agreement can’t be reached, Newsom said, “then the state will prepare itself as backup for a scenario where we do that job for them.” Which has been the plan all along, I would wager.

From KTLA5:

“PG&E has come under more scrutiny in recent weeks as it cut off power to millions of people to avoid a repeat of last year’s deadly fire season.

“The shutoffs have angered residents, businesses and local governments, who say the company has done a poor job of communicating.

“This is not the new normal,” Newsom said. “There are things that can be done immediately and will be done immediately.”

“It’s unclear how the state could take over PG&E in the event it does not meet the June 30th deadline. But the governor’s office pointed to General Motors as an example. The automaker filed for bankruptcy in 2009, and the federal government purchased a controlling stake in the company. The government later sold its shares once the company was on solid footing.

“That kind of a move would give the state a lot of control over the strategic direction that PG&E takes without getting it into the nitty-gritty of running the day-to-day,” said Michael Wara, director of the Climate and Energy Policy Program at the Woods Institute for the Environment at Stanford University.

“Local governments, including San Francisco, have offered to purchase portions of PG&E’s equipment for $2.5 billion so it could operate parts of the power system on its own. Asked if taxpayers would buy the company, Newsom said: “We’re scoping all of that.”

“It’s not writing a check,” Newsom said. “This is not plan ‘A,’ but it is a plan. We would be irresponsible not to scope that plan. So we’re not going to sit back and hope and hope an expectation that everything else works out.”

“Pacific Gas & Electric filed for bankruptcy earlier this year after a 2018 wildfire mostly destroyed the town of Paradise and killed 85 people. An investigation revealed the fire was started by one of the company’s powerlines that was knocked down during a windstorm.

“The utility is facing up to $30 billion in damages from that fire and others.

“Shareholders and creditors have been battling for control of the utility in bankruptcy court, offering two competing plans for the company’s future.

“A federal judge has expressed concern the two sides are not making progress, and last week appointed a mediator to try and resolve the case.

“In June, Newsom signed a law setting up a $21 billion fund that could help utility companies pay out claims for future wildfires as climate change makes them more frequent and destructive.

“Utility companies would have to spend at least $5 billion on safety improvements and meet new safety standards to participate. PG&E would have to be out of bankruptcy by June 30th to use the fund.

“Friday, Newsom called on PG&E executives, shareholders and creditors along with wildfire victims to meet with him. Newsom said he is confident the meeting will occur.

“However, representatives for the largest groups of bondholders and shareholders did not respond to a request for comment.

“PG&E spokesman James Noonan indicated the company would participate.

“We welcome the governor’s and the state’s engagement on these vital matters and share the same goal of fairly resolving the wildfire claims and exiting the Chapter 11 process as quickly as possible,” he said.”

President Trump is disgusted by all this as is most of America. And getting Newsom and California’s leftist state government involved is only going to make things worse. Newsom has also appointed an “Energy Czar” to figure out a way to take over PG&E if the bankruptcy case ends unsatisfactorily. Yeah, that’s not going to work either.

Trump criticized California Governor Gavin Newsom on Sunday for his poor management of the recent California fires, especially bad forest management that Trump blames for the rapid spread of the blazes. And he’s right – the environmentalists are also to blame here.

Instead of listening to sanity from President Trump, environmentalists and Newsom are blaming climate change. Jerry Brown told Congress last week that Trump and the Republicans had “blood on [their] soul” for failing to do enough to stop climate change. He, too, made his comments as the fires were still ongoing in the state. According to these people, it’s not their fault… it’s Trump who is causing global warming. Such nonsense.

Newsom responded to Trump’s criticism with: “You don’t believe in climate change. You are excused from this conversation.” Then he shouldn’t mind if Trump cuts off federal funds to help with the fires.

Newsom has angrily denounced PG&E, but critics are upset that he had no contingency plan in place for dealing with the foreseeable possibility that now-bankrupt PG&E would start using blackouts to limit its insurance liabilities. That criticism is coming from both sides of the political aisle.

Trump told Newsom to get his act together but that is not likely. As California burns and suffers in the dark, these socialists will argue over nonsense and not fix a thing. Perhaps the federal government should intervene and boot these socialists so California can recover and start over again. Just a thought.

Sources: The Daily Wire, NPR, Breitbart, The Daily Mail, The Epoch Times, KTLA5

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