During the first quarter of 2023, PG&E earned $623 million, an 18.2% jump in profits from the $527 million the company tallied during the same quarter in 2022, PG&E said Thursday in a quarterly report filed with the Securities and Exchange Commission.

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  • @WilliamTheWicked@lemmy.world
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    351 year ago

    I am so sick and tired of paying these bastards for burning down California and killing people in explosions. Maintaining your damn equipment to safety standards is a bare minimum for doing business, not an excuse to raise rates. It’s become absurd.

    How is this not an anti-trust investigation? It’s a clear cut monopoly.

        • @moody
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          -31 year ago

          They didn’t “declare bankruptcy,” they filed for Chapter 11 which is meant for reorganizing. It puts a hold on collections to allow the company to get its finances in order. It’s not for outright dismissing debts the way personal bankruptcy would.