What Happens When the Owner of a Nuclear Plant Goes Bankrupt?
Nuclear Shutdown News January 2019
By Michael Steinberg / Black Rain Press
Nuclear Shutdown News chronicles the decline and fall of the nuclear power industry in the US and beyond, and highlights the efforts of those who are working for a nuclear free world.
The January 16 San Francisco Chronicle headlined, “PG&E bankruptcy coming this month.” A followup story on January 18 described Pacific Gas & Electric as “the state’s largest investor-owned utility.”
The Jan 16 lead article reported that the company was facing “$30 billion in potential wildfire liability,” had “$4.4 billion market value” as of 1-14, had lost $25 billion since last year’s Camp fire destroyed almost 19,000 structures and took 80-some lives in the Northern California town of Paradise, and had $1.5 billion in cash as of Jan. 11.”











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