[josephdviviano]

For those looking for their motivations, here it is (recall PG&E filed chapter 11 to navigate liability payments):

"Second, any catastrophic wildfires caused by PG&E this year could upend the bankruptcy proceedings. That is because both bondholders’ and shareholders’ reorganization plans allow investors to back out if PG&E even appears to cause any catastrophic wildfires.

Specifically, both groups’ plans give investors the chance to withdraw their financing offers if unexplained fires in PG&E’s service area damage more than 500 buildings—unless its power lines were “de-energized” or turned off, or regulators clear it of responsibility. That may help explain the wide scope of this week’s precautionary power outages."

The management has their backs up against the wall and the interest groups involved don't care at all whether you have power, they just want to extract value from this company.

https://www.barrons.com/articles/pg-e-stock-slumps-after-jud...