Town Hall Meeting, November 19
Napa Valley College Little Theater
2277 Napa-Vallejo Highway, from 6 to 7:30 p.m.
Pacific Gas and Electric Company (PG&E) has until June 30, 2020, to restructure. If it doesn’t accomplish this, Governor Newsom has threatened that the state will take over the utility. So far PG&E’s restructuring plan favors shareholders and would raise debt and equity. But other competing groups also have plans for restructuring and takeover: big equity funds, bondholders, and municipalities offering to buy PG&E. One way or the other, ratepayers are going to be on the hook. Read more about these plans in The Economist article here.