California’s largest utility and energy company prepared to file for bankruptcy this week; sparking renewed fears of a west coast energy crisis like the one that plagued the region back in 2001.
“Pacific Gas & Electric’s (PG&E) pending bankruptcy filing will force California officials to make tough decisions as the state faces its newest energy crisis,” writes the Daily Caller.
“The bankruptcy of California’s largest utility, which serves about 16 million people, raises numerous questions, including over grid reliability, reflecting fears of a return to the rolling blackouts of 18 years ago,” adds the report.
“This is not 2001. This is 2019,” Newsom told residents Monday. “We have an abundance of energy and our customers should not be concerned about turning on their lights.”
Read the full report at the Daily Caller.