Dan Walters

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California's largest utility, Pacific Gas and Electric, is about to emerge from bankruptcy with a depressed stock price and a very high debt load. If it cannot operate safely and profitably, a state takeover may be the option, columnist Dan Walters says.

  • Updated
  • 2 min to read

Facing a vicious circle of conflicting demands and priorities, the California Public Employees Retirement System is turning to debt - a risky scheme to borrow billions of dollars in hopes of juicing its investment returns, columnist Dan Walters says.

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Dan Walters commented on Details were wrong, but point stands

Kevin, Eastave and Pat,


Thank you for your attentiveness to our editorial policy. The Register's letter policy states, "Authors of letters and commentaries will have their submissions published no more than once a month."


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