Pacific Gas & Electric (PG&E), California’s largest utility, is exploring the possibility of selling off a major part of the company, according to a new report. Thanks to the massive liability costs that they could be facing for their possible culpability in recent deadly wildfires, PG&E has a strategic plan called “Project Falcon” to cover costs and avoid bankruptcy. This plan would involve the company selling its natural gas division and then using the proceeds to pay the potential...
from Inhabitat - Green Design, Innovation, Architecture, Green Building https://inhabitat.com/californias-largest-utility-company-plans-massive-sale-of-natural-gas-division
via Inhabitat
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