Featured in Turkish market at a crossroads – 03-2019

The future of U.S. utilities

California Utility Pacific Gas & Electric’s bankruptcy points to a crisis not only at the company, but in the business model for utilities in the United States. And it is far from clear what will come next.

By

Christian Roselund

12 Mar 2019

Diablo Canyon is California’s last operational nuclear plant, expected to close by 2025. | Image: David Monniaux

Pacific Gas & Electric Company (PG&E) is in trouble. The Northern California utility filed for bankruptcy in January, citing potential liabilities for more than $30 billion in damages from wildfires in the summer of 2018, including its role in the Camp Fire in Northern California, which claimed 86 lives.This is far from the first hot …

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