(Bloomberg) — Faced with mounting public anger over massive blackouts, California Governor Gavin Newsom blamed PG&E Corp. for years of “greed and neglect” and demanded major structural changes at the bankrupt utility.Newsom’s comments came as many Californians questioned whether PG&E overreacted to a windstorm that didn’t prove as powerful as forecast. The company cut electricity to more than 2 million people — the largest preemptive blackout in the state’s history — to prevent its power lines from sparking wildfires.The Democratic governor, who on Wednesday called the blackouts “appropriate under the circumstances,” took a dramatically harsher tone Thursday, blaming PG&E for …read more
Source:: Yahoo Finance
