ST Alpha - "My understanding is that inverse condemnation means they don't even need to be sued to have to pay up, leaving them at the mercy of a state bailout... -- (edited)" (Reading a Post)

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In response to "PGE shuts down power in N CA when it's hot because they didn't use their profits to maintain their lines and they keep starting fires. When they get" by jnine

My understanding is that inverse condemnation means they don't even need to be sued to have to pay up, leaving them at the mercy of a state bailout... -- (edited)

Posted by znufrii needs to update his handle (aka znufrii) Sep 6 '20, 20:49

which, in 2018, never came, incidentally screwing over one of the clients I work on, who was invested in PG&E pretty heavily, when they ended up having to declare bankruptcy.

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That's not how inverse condemnation works. They were sued for starting the Paradise and Kincade fires. They declared bankruptcy, worked out a - jnine Sep 6, 22:05 2
- It's entirely possible I misunderstood the details. -- (edited) - znufrii needs to update his handle Sep 6, 22:11 1
  - It's tricky but PGE is not entirely private or public. There are over 100 different PG&E entities in Northern CA, all with different shareholders. - jnine Sep 6, 22:29

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My understanding is that inverse condemnation means they don't even need to be sued to have to pay up, leaving them at the mercy of a state bailout... -- (edited)

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