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Given the nature of its work, why is PG&E not a government entity? What are the perceived benefits of having it as a separate company if the executives are goin
by RestlessMind 8y ago
Given the nature of its work, why is PG&E not a government entity? What are the perceived benefits of having it as a separate company if the executives are going to reap rich rewards when things are going good, but are going to declare bankruptcy (or ask taxpayers for help) when things go bad?
- yellowbuilding 8y agoPoliticians and corporate leaders told us democracy is not worth it’s salt, and we believed them.
- londons_explore 8y agoPrivate only really helps if there is competition... Are there competitors who could buy up this California infrastructure when PG&E dies?
- CodeWriter23 8y agoThe theory goes, the private sector is more efficient at running an enterprise. In terms of extracting value I suppose that theory is correct. Meanwhile, a week before the fires up North, a crew of LADWP workers swept my neighborhood replacing transformers, cables, insulators and mounting bars on every pole for blocks around me. The kind of maintenance that PG&E should have done over a decade ago. I don't know what the rates are on PG&E, but I do know LADWP charges a little more than half the price for electricity as SoCal Edison does in the areas it serves. LADWP is owned by the City of Los Angeles.