PG&E Takeover?

California Governor, Gavin Newsom, has declared that " the state of California could take over the Pacific Gas and Electric utility company if it does not pull itself out of bankruptcy by mid-2020." During a press conference he brings this issue. He states, ""PG&E as we know it may or may not be able to figure this out. If they cannot, we are not going to sit around and be passive...If Pacific Gas and Electric is unable to secure its own fate and future ... then the state will prepare itself as backup for a scenario where we do that job for them." With all this going n, it turned out that PG&E admitted that "its equipment may be linked to at least three of the over 12 fires in the past week." 

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