Protesters at the California PUC meeting urged the commissioners to turn PG&E into a publicly owned utility as part of its Chapter 11 bankruptcy.

California PUC President Michael Picker told lawmakers the commission isn’t the best public entity to address the “enormity” of the recent wildfire crisis.

A lawyer for PG&E said the utility did file for bankruptcy to ensure it is able to compensate the victims of wildfires that ravaged Northern California.

PG&E confirmed they hope to rescind costly power purchase agreements and reform its obsolescent business model during bankruptcy.

FERC said it shares authority with the federal court over any power purchase agreements Pacific Gas and Electric seeks to modify as part of its bankruptcy.

PG&E Corp. and its primary operating unit, Pacific Gas and Electric, filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

California fire investigators said Pacific Gas and Electric was not responsible for the Tubbs Fire, a blaze that leveled parts of Santa Rosa in 2017.

California Gov. Gavin Newsom named new members to the CAISO Board of Governors, along with the PUC and the state’s new commission on catastrophic wildfires.

On the steps of the California state Capitol, former state Sen. Noreen Evans said she believes PG&E won’t go through with Chapter 11 reorganization.

CAISO participants and companies that do business with Pacific Gas and Electric could end up paying a hefty price for the utility’s financial collapse.