Bankruptcy hurts alternative energy

Old taunt: Get woke, go broke.

New: Green energy leads to bankruptcy.

California's largest utility -- Pacific Gas and Electric -- is in bankruptcy court because the state found it liable for deadly forest fires.

This is bad news for green energy because the utility has subsidized that industry for years.

The utility wants to shed $42 billion in contracts with 350 energy suppliers, mostly solar and wind farms. In many cases, the utility is the sole revenue for the company.

Dumping the contracts would be a death knell to the Democrat Party's kooky plan to get energy solely from "renewable" sources in 25 years.

The contractors want to do an end run around the bankruptcy court by appealing to the Federal Energy Regulatory Commission.

"Last week, PG and E solar provider NextEra asked the Federal Energy Regulatory Commission to use its authority under the Federal Power Act to order the utility not to 'abrogate, amend or reject in bankruptcy any of the rates, terms and conditions of its wholesale power-purchase agreements,' including hundreds of megawatts of decade-old solar farms that are selling power at far above today’s market rates. Consolidated Edison, which counts PG and E as an offtaker for nearly one-third of its renewable energy portfolio, also weighed in last week to ask FERC to expedite NextEra’s request," Green Tech Media reported.

"Late Friday, FERC offered these companies a lifeline, with an order declaring that it has 'concurrent jurisdiction' with federal bankruptcy courts over whether utilities in bankruptcy can breach their contracts."

Concurrent? The Constitution specifically grants the federal government with bankruptcy oversight. Energy regulation is not mentioned.

Pacific Gas and Electric "filed bankruptcy as the 'only viable option' to escape potentially $30 billion worth of liabilities for sparking major wildfires in 2017 and 2018. State investigators found the utility sparked a dozen major fires in 2017 through poorly maintained powerlines and equipment," the Daily Caller reported.

Instead of spending $42 billion on bogus energy production, the company should have spent a couple of billion bucks making sure its power lines are safe.

But then California would not have the forest fire to "prove" the conspiracy theory about global warming, which led to all that money blown on windmills and mirrors.