PG&E bos has meltdown at state over wildfire fiasco, delays billions in work: ‘Straight up extortion’

Source: New York Post

California’s largest utility is putting billions of dollars in planned investments on ice as its CEO lashes out at Sacramento over the state’s wildfire liability rules — warning that the company can no longer afford to move forward at its current pace. PG&E announced Wednesday it plans to defer approximately $2 billion in planned investments for 2027, reducing the amount it expects to borrow while continuing to spend billions on its California operations. 6 Patti Poppe, chief executive officer of PG&E Corp.

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