California governor says if PG&E doesn't get itself out of bankruptcy the state could take it over

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California governor says if PG&E doesn't get itself out of bankruptcy the state could take it over
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The state of California could take over Pacific Gas and Electric if the utility company does not pull itself out of bankruptcy by June 2020, California Gov. Gavin Newsom said

The state of California could take over Pacific Gas and Electric if the utility company does not pull itself out of bankruptcy by the middle of next year, California Gov. Gavin Newsom said in a news conference Friday.

"PG&E as we know it may or may not be able to figure this out. If they cannot, we are not going to sit around and be passive," Newsom said."If Pacific Gas and Electric is unable to secure its own fate and future ... then the state will prepare itself as backup for a scenario where we do that job for them.

Newsom has been among the critics of the preemptive shutoffs. "We cannot afford the kind of PSPSes we've experienced over the course of the last week. We had people out in some circumstances for one full week without power," Newsom said."You gotta consider the life impacts of these power cutoffs."Pacific Gas & Electric crews work in Vallejo, California.

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