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Home > KQED’s Forum > San Jose Calls for Consumer Takeover of PG&E
Podcast: KQED’s Forum
Episode:

San Jose Calls for Consumer Takeover of PG&E
Category: News & Politics
Duration: 00:15:56
Publish Date: 2019-11-07 11:00:00
Description:

San Jose Mayor Sam Liccardo is leading a coalition of 21 cities and five counties seeking to transform PG&E into a ratepayer-owned cooperative. In a letter to the California Public Utilities Commission this week, the group expressed skepticism that the troubled utility can emerge from bankruptcy as a creditworthy entity if it remains investor-owned. Instead, the coalition proposed a consumer takeover to enable PG&E to raise capital more efficiently, without having to pay dividends to shareholders. We’ll talk to Mayor Liccardo about the plan.
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