this post was submitted on 20 Oct 2023
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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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[–] WilliamTheWicked@lemmy.world 29 points 2 years ago (1 children)

I am so sick and tired of paying these bastards for burning down California and killing people in explosions. Maintaining your damn equipment to safety standards is a bare minimum for doing business, not an excuse to raise rates. It's become absurd.

How is this not an anti-trust investigation? It's a clear cut monopoly.

[–] InvertedParallax@lemm.ee 14 points 2 years ago (1 children)

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

Pge delenda est.

[–] WilliamTheWicked@lemmy.world 14 points 2 years ago (1 children)

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

[–] moody@lemmings.world -3 points 2 years ago (1 children)

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 2 years ago (1 children)

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

[–] SpaceNoodle@lemmy.world 2 points 2 years ago

Bitch Nancy?

[–] phoneymouse@lemmy.world 5 points 2 years ago

California: highest electricity prices in the country PGE: let’s raise them some more!

[–] SpaceNoodle@lemmy.world 3 points 2 years ago