PG&E asks California regulators to approve a 22% rate hike (www.nbcbayarea.com)

submitted 11 months ago by farcaster@lemmy.world to c/bayarea@lemmy.world

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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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[-] InvertedParallax@lemm.ee 16 points 11 months ago

They went bankrupt earlier, they need to be forced to sell their lines to pay their debts.

Pge delenda est.

[-] WilliamTheWicked@lemmy.world 16 points 11 months ago

It's on the face corrupt bullshit. How are you posting millions of dollars profit after declaring bankruptcy?

[-] moody -3 points 11 months 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.

[-] WilliamTheWicked@lemmy.world 6 points 11 months ago

Do me a favor and finish the statement, "They filed for Chapter 11 b-------cy."

[-] SpaceNoodle@lemmy.world 2 points 11 months ago

Bitch Nancy?

this post was submitted on 20 Oct 2023

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