Not Enough Bullets

The judge in charge of Pacific Gas & Electric's bankruptcy case has stated that the utility decided to pay dividends instead of properly maintaining its infrastructure:

A federal judge in San Francisco ruled Tuesday that if PG&E doesn't meet aggressive goals aimed at preventing future wildfires, the utility won't be able to pay dividends to shareholders after it emerges from bankruptcy proceedings.

At a probation hearing related to the utility’s deadly 2010 gas pipeline explosion in San Bruno, Judge William Alsup said the embattled utility hasn't done enough to prevent wildfires through tree trimming and other maintenance work — even while its shareholders made millions.

“PG&E pumped out $4.5 billion in dividends and let the tree budget wither,” Alsup said.

But the judge declined to impose more sweeping changes that he’d earlier floated, including requiring PG&E to inspect its entire electrical grid. Lawyers for PG&E said that would take years to complete and be prohibitively expensive.

………

On Tuesday, the judge also directed a federal monitor to conduct random inspections of the tree-trimming program.

“I’m not cutting you any slack,” Alsup said. “If PG&E hasn’t cut the right trees, we’re going to have a hearing to get to the bottom of that.”

PG&E’s lawyers said that might be unrealistic.

“There’s a lot of trees out there, and we don’t have eyes on all of them,” said PG&E attorney Reid Schar.

“That’s a problem of your own making,” Alsup said, cutting him off. “A lot of money went to dividends that should’ve gone to your trees. Get square with the people of California, who depend on you to do the job safely.”

We really need to start throwing people like PG&E's management in jail for the crap that they pull.

We need to find an especially deep hole for them.