ST Alpha - "That's not how inverse condemnation works. They were sued for starting the Paradise and Kincade fires. They declared bankruptcy, worked out a " (Reading a Post)

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In response to "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)" by znufrii needs to update his handle

That's not how inverse condemnation works. They were sued for starting the Paradise and Kincade fires. They declared bankruptcy, worked out a

Posted by jnine Sep 6 '20, 22:05

settlement and made a deal to sell off their physical assets. It had to be approved by the Public Utilities Commission and signed off by Newsom. He stopped the deal, made them come up with more money and has been threatening to take them over ever since.

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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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That's not how inverse condemnation works. They were sued for starting the Paradise and Kincade fires. They declared bankruptcy, worked out a

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