PG&E faces possible breakup, government takeover
Pacific Gas and Electric could be broken up, reorganised or brought under closer control by the California Public Utilities Commission. The decision to launch a broad investigation into PG&E’s future, including the possibility of a public takeover, was made by commission president Michael Picker and released late on Friday, after financial markets had closed and the holiday exodus had begun.
Radical action of this sort, taken against a major utility, is cause for concern by telecoms companies too.… More