JOURNALIST GREG PALAST: PG&E BLACKOUT IS BLACKMAIL

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[Energy News\PG&E]
Palast: Jerry Brown, Bill Clinton and other deregulation snake-oil salesmen, and the PG&E greedster bosses, should be imprisoned for the people already burned to death. Where is the California utility commission?
Photo: Facebook

Greg Palast says "public utilities must be publicly owned."

PG&E Blackout is Blackmail

By Greg Palast

The PG&E Blackout Con is all about threatening the judge in the PG&E (Pacific Gas and Electric Company) bankruptcy case. The victims have joined with the bondholders to eliminate the equity of the stockholders who deserve nothing. So in desperation, the power company pigs are turning off your lights.

Hopefully, the judge will not be intimidated.

Leaving hospitals, schools and 1 million homes without power — and that means without water — in California is the endgame of deregulation mania.  Jerry Brown, Bill Clinton and other deregulation snake-oil salesmen, and the PG&E greedster bosses, should be imprisoned for the people already burned to death.

Where is the California utility commission?

I’ve written a book published by the United Nations called, Democracy and Regulation, about how to avoid such piggery. When I wrote the book, it was meant only for Third World nations — apparently, Northern California is the third world of electricity.

Public utilities must be publicly owned. Decades back, I investigated power company racketeering for the Justice Department.

As an expert, I can tell you, PG&E is a criminal enterprise parading as a power company. Shut them down — not us!

Before turning to journalism, Greg Palast was an expert on power company regulation, working for regulators in 26 states and 8 nations; author of the United Nations guide on utility regulation and investigator of power company correct because on his lectures at Cambridge University and London School of Economics.

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