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PG&E makes record $2.2B but needed to borrow $1.4B from State of California
PERSPECTIVE
PGE demonstration
Bay Area residents demonstrate during a rally calling for PG&E to be converted into a public utility like Modesto Irrigation District and the Sacramento Municipal Utility District.
Someone wants to borrow $1.4 billion from you. They have a history of playing fast and loose with money. In the past 20 years they’ve had two bankruptcies.