Assemblymember Holden’s Resolution On PG&E’s Bankruptcy Passes Legislature
Sacramento, CA – A resolution that expresses the will of the legislature in PG&E’s bankruptcy passed on the California State Senate Floor with a 38-1 vote. The resolution, ACR 78 authored by Assemblymember Chris Holden who chairs the Assembly Utilities and Energy Committee, is now chaptered by the Secretary of State. The resolution unanimously cleared the Assembly Floor earlier this year with bipartisan support.
“PG&E’s bankruptcy is having a ripple effect that impacts everyone across the state,” said Assemblymember Chris Holden. “There is a lot at stake, and we want to make clear that the outcome must prioritize victims, ratepayers, and any reorganization of PG&E should not jeopardize the state’s safety, energy reliability, and climate change goals.”
The resolution also expresses that it is the will of the Legislature for the California Public Utilities Commission, and any other entities representing the state of California involved in the court proceeding, ensure that damages to fire victims, where PG&E is determined to be responsible, are resolved equitably, that PG&E’s rank and file employees continue to receive wages, and that PG&E’s executive compensations be restricted.
“Our wildfire issues are not going away, which is why we must lay out our foundation of principles in order to effectively and prudently guide decisions related to PG&E and its future,” said Holden.
The full text of the resolution can be found here.