PG&E's Looming Historic Bankruptcy
Energy Gang
Wood Mackenzie
4.6 • 1.3K Ratings
🗓️ 17 January 2019
⏱️ 58 minutes
🧾️ Download transcript
Summary
We are about to witness one of the most contentious and consequential bankruptcies in the history of energy.
PG&E, California’s biggest utility, is reeling from wildfire costs — and it is now headed to the courts, where it will likely be dismantled.
Will it crush California’s goals to clean up the electric grid? Or will lawmakers step in with a political fix? The stakes couldn’t be higher. We’re going to tackle the big questions raised by PG&E’s spiral.
Then, why are hundreds of liberal green groups shutting down every technology except wind and solar as part of the Green New Deal? We’ll discuss a letter has raised a lot of criticism — and risks fighting among allies even before a real plan is considered.
Finally, we’ll have a rundown of a terrifying Wall Street Journal story about how the Russians infiltrated dozens of utilities, allowing them to hide out inside the computer systems controlling the grid.
Don't forget to rate and review us on Apple podcasts. We're giving away a free subscription to GTM Squared to the person who writes the most interesting review before the end of January.
Read along with us:
- GTM: The Big Questions Raised by PG&E’s Coming Bankruptcy
- Los Angeles Times: PG&E’s Bankruptcy Could Slow California’s Fight Against Climate Change
- Jigar's op-ed in The Hill: Modern Energy Infrastructure Could Mitigate California’s Wildfire Crisis
- Vox: Here’s One Fight the Green New Deal Should Avoid for Now
- Wall Street Journal: America’s Electric Grid Has a Vulnerable Back Door—and Russia Walked Through It
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Transcript
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| 0:56.2 | GTM. From Green Tech Media, this is the Energy Gang. Weekly debates and discussions on the fast-changing world of energy, clean tech and the environment. |
| 1:12.0 | I'm Stephen Lacy contributing editor at |
| 1:14.3 | GTM. Welcome. We are about to witness one of the most contentious and |
| 1:18.7 | consequential bankruptcies in the history of energy. PG&E, California's biggest utility, is reeling from wildfire costs, |
| 1:26.0 | and it is now headed to the courts, |
| 1:28.0 | where it will likely be dismantled. |
| 1:30.0 | Will it crush California's goals to clean up the electric grid? |
| 1:33.4 | Or will lawmakers step in with a political fix of some kind |
... |
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