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Fucking PG&E

Posted by: on Sep 16, 2003 | No Comments

Think utility corruption ended with Enron and Dynergy? Oh, it SOOO did not.
It’s bad enough we’re already paying inflated energy prices from the 2000 crisis that left California with rolling blackouts and led to the eventual bankruptcy of PG&E. Not my fault (try Enron), but I sure am paying for it.
But now it looks like PG&E will get away with screwing Californians out of an additional $9.3B in inflated energy prices through 2012. In the meantime, they’ll pocket and extra $326M by raising natural gas rates. Now, it’s not like PG&E was a nice, generous utility before the crisis. Known for it’s unparalleled greediness and poor management, it had the gaul to pay out mondo bonus packages to management days before it filed for bankruptcy. It made Erin Brockovich famous thanks to poisoning her entire town, and it was even involved in a cover-up following the 1906 San Francisco earthquake, almost 100 years ago.
I feel dirty.

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