During the first quarter of 2023, PG&E earned $623 million, an 18.2% jump in profits from the $527 million the company tallied during the same quarter in 2022, PG&E said Thursday in a quarterly report filed with the Securities and Exchange Commission.
They went bankrupt earlier, they need to be forced to sell their lines to pay their debts.
Pge delenda est.
It’s on the face corrupt bullshit. How are you posting millions of dollars profit after declaring bankruptcy?
They didn’t “declare bankruptcy,” they filed for Chapter 11 which is meant for reorganizing. It puts a hold on collections to allow the company to get its finances in order. It’s not for outright dismissing debts the way personal bankruptcy would.
Do me a favor and finish the statement, “They filed for Chapter 11 b-------cy.”