Ask any lawyer and he'll tell you that the owner(s) of a company are liable for the negligent actions of its employees. In the case of a corporation, the owners are the stockholders and, should the company have to pay out on a legal claim, the stockholders... particularly the preferred stockholders... will have to dig into their pockets to cover the claim, unless the corporation has adequate liability insurance.
So, where does Pacific Gas and Electric, (PGE), and the State of California come from when they insist that the customers are going to have to dig into their pockets by-way-of higher electric rates to cover costs associated with the disastrous Camp Fire in Butte County, California, inasmuch as PGE did not have adequate liability insurance coverage at the time its equipment started the fire?
Explain that to me, Jerry Brown.
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