Market Punishes PG&E Amid Wildfire Liability Concerns

The video discusses PG&E's financial liabilities due to wildfires, highlighting the company's significant exposure through its extensive transmission lines. It explores the potential financial impact, including the possibility of bankruptcy, and debates who should bear the costs of climate change-related damages. The video also considers possible solutions and future risks for PG&E and other utility companies.

What event occurred just before a fire was reported in Sacramento?

• A PG&E power line went offline.

• A new power plant was opened.

• A major storm hit the area.

• A gas leak was detected.

How much is PG&E potentially liable for due to last year's fires?

• Over $15 billion

• More than $50 billion

• Less than $5 billion

• Exactly $10 billion

Why is PG&E more exposed to wildfire risks compared to its peers?

• It operates in a wetter climate.

• It has fewer customers.

• It uses outdated technology.

• It has more miles of electric transmission lines.

What is one potential solution being debated for handling PG&E's costs?

• Increasing customer rates

• Building more power plants

• Reducing employee salaries

• Selling off assets

What might happen if PG&E files for bankruptcy?

• The company will be free of all liabilities.

• Another company might take over and face similar risks.

• All debts will be forgiven.

• The government will take over operations.