California Governor Hesitant on PG&E Takeover, Cites Company's Progress Since Bankruptcy

California Governor Gavin Newsom says he is not convinced that the state wants to take over PG&E Corp, despite recent criticism over blackouts in San Francisco. Newsom notes that the state already has the ability to take control of PG&E if it fails to meet safety and regulatory standards, and that the company's executive pay is now tied to safety metrics. He also says that PG&E is a "very different company" since its bankruptcy emergence.