PG&E: State will consider breaking up or taking over utility giant, citing poor safety record

SAN FRANCISCO – Citing Pacific Gas and Electric’s “serious safety problems,” California utility regulators will now consider replacing its board of directors, breaking up the company in favor of smaller, regional energy suppliers and even taking it over and converting it to a public agency, they announced.
In an extraordinary statement issued late Friday at the start of the holiday weekend, the state Public Utilities Commission announced it will deeply investigate PG&