In California, the concept of “corporate personhood” will be tested if PG&E faces charges of aggravated murder, as many media sources now speculate. Although California Attorney General Xavier Becerra says that the extent of PG&E’s liability in this year’s deadly wildfires has yet to be determined, there has been discussion of inflicting the death penalty on a corporate “person” that has repeatedly proven itself to be a criminal recidivist.
In this case, the “execution” of PG&E would consist of revoking the company’s charter and breaking it up, and selling off its assets to new, smaller power companies that would hopefully be more responsible in the way they maintain their equipment and serve their ratepayers. Alternatively, the state of California could step in and take over, turning PG&E into a public, not-for-profit utility.
All of that is speculation, for the time being. What is becoming clear is that, at the very least, PG&E was criminally negligent by failing to follow state regulations on maintaining its power lines. In a document obtained by CNBC News this past November, PG&E acknowledged that it may bear responsibility for the Camp Fire in which 88 people perished and nearly 14,000 buildings were destroyed. MORE