Climate Changed
Buffett-Backed Solar Farm Cut to Junk as PG&E Crisis Deepens
- The latest indication that PG&E’s credit woes are spreading
- Moody’s just joined the rating companies lowering PG&E to junk
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S&P Global Ratings cut the credit rating of Berkshire Hathaway Energy’s 550-megawatt Topaz Solar Farms to junk, noting that the plant counts on embattled utility giant PG&E Corp. for all of its revenue.