Author: Tanja Fijalkowski

In its continued turnaround from its 2019 bankruptcy filing, PG&E reported another year of record profit for 2023. The company reported $2.24 billion in net profits, a 25% increase over the previous year. Much of that profit has been attributed to the rising cost of energy for PG&E customers. PG&E has a monopoly for the 16 million people which it serves, who have no other options. PG&E is California’s largest utility company. In 2019, the company filed for Chapter 11 bankruptcy, citing over $30 billion in liabilities resulting from its wildfire lawsuits. PG&E was found liable for over 30 fires…

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