Dan Berman

Abolish PG&E Corp.

The creation of Pacific Gas and Electric Corp. constitutes a legal money-laundering strategy.

OPINION Pacific Gas and Electric Corp. is a holding company whose only property is Pacific Gas and Electric Co., a regulated utility. The California Public Utilities Commission (CPUC) exercises little regulatory oversight over PG&E Corp. Oversight by federal authorities has been curbed by recent legislation, which abolished most of the consumer protections of the New Deal's Public Utilities Holding Company Act. To protect ratepayers and stockholders, PG&E Corp. Read more »