(Bloomberg) — For California Governor Gavin Newsom, sitting back and watching PG&E Corp.’s bankruptcy run its course is no longer an option.The mayors of 22 cities are pressing him to turn the embattled power giant into a customer-owned cooperative. San Francisco, the city he once served as mayor, wants to take over the company’s local poles and wires. And on Wednesday, a board member of a statewide consumer group sent Newsom a proposal that would have the state run PG&E like a massive municipal utility.The proposals reflect a groundswell of anger against PG&E following years of deadly wildfires sparked by …read more
Source:: Yahoo Finance
