January 23, 2020 - SACRAMENTO – Sen. Bill Dodd, D-Napa, issued the following statement yesterday in response to an objection filed by Gov. Gavin Newsom to the bankruptcy financing scheme proposed by Pacific Gas & Electric Co.:

“Gov. Gavin Newsom is absolutely right to object to PG&E’s flawed plan,” Sen. Dodd said. “It’s clear that while PG&E and its hedge fund backers are acting with narrow self-interest, the governor and the Legislature are going to continue to fight for the public’s interest. That means ensuring safe, reliable and affordable energy. It means systemic change at PG&E that prevents future risk and liability from being passed on to ratepayers and communities.”

Senator Bill Dodd represents the 3rd Senate District, which includes all or portions of Napa, Yolo, Sonoma, Solano, Sacramento and Contra Costa counties. More information on Senator Bill Dodd can be found at www.senate.ca.gov/dodd.  
Source: Senator Bill Dodd