The $21 Billion Bail-Out

 

California’s proposed $26 billion bailout of bankrupt PG&E’s wildfire liability will push the state’s average residential electric rates to 70 percent higher than national average.

California Gov. Gavin Newsom signed a bill on July 18, that supposedly will share equally between Pacific Gas & Electric shareholders and its customers the estimated $21 billion liability for 2017 and 2018 wildfire losses. The deal is also contingent on PG&E and the state’s other two investor-owned utilities, Southern California Edison and San Diego Gas, contribute another $5 billion to cover losses.

School District Manages to Outrage 1,000 Parents

 

A school district in Pennsylvania has warned parents that their children could end up in foster care if overdue school lunch bills aren’t paid.

About 1,000 parents in the Wyoming Valley West School District received letters outlining the new policy, leading to complaints from parents and the community.