California wants to reform PG&E, but just how is uncertain

The easiest step, said UC Berkeley energy economist Severin Borenstein, is “probably the thing that most people would be unhappy about”: reorganizing the company with a new management team and board and “just letting them continue on.” Several PG&E executives, including the previous CEO, recently departed the company, and at least half of the board will soon be gone as well.

“I’m not saying that’s a good idea, but the legal process would probably be much simpler than any of the alternatives,” Borenstein said.

Yet it might be time for California to “bite the bullet and do something more difficult than that,” he said.

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