California Governor Gavin Newsom has said he wants the option to take over bankrupt PG&E Corp. if the utility gets into trouble again. Now, the state has laid out a roadmap for how that could happen.
As part of proposed changes to PG&E’s reorganization plan, California Public Utilities Commission President Marybel Batjer suggested a process Tuesday through which the state could revoke PG&E’s operating license if the utility commits serious safety violations and doesn’t adequately address them.
