Two days ago, I asked this question regarding California's Pacific Gas and Electric utility:
I wonder just how much of that $18 billion was wasted on alt.energy scams. 100% comes to mind. Bad management and no accountability.
This morning, Don Surber has the number and Just Wow:
Bankruptcy hurts alternative energy
Old taunt: Get woke, go broke.
New: Green energy leads to bankruptcy.
California's largest utility -- Pacific Gas and Electric -- is in bankruptcy court because the state found it liable for deadly forest fires.
This is bad news for green energy because the utility has subsidized that industry for years.
The utility wants to shed $42 billion in contracts with 350 energy suppliers, mostly solar and wind farms. In many cases, the utility is the sole revenue for the company.
Dumping the contracts would be a death knell to the Democrat Party's kooky plan to get energy solely from "renewable" sources in 25 years.
Ho. Li. Crap - $42 Billion spent on alt.energy? Christ on a Corn Dog. No accountability indeed - their executives were just play-acting with their customers money.
The aftermath of this will be interesting to watch.
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