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It is this. ...but personally I think they're also trying to be obnoxious about it so that they can garner some political favor for state-backed liability prote
by Enginerrrd 7y ago
It is this. ...but personally I think they're also trying to be obnoxious about it so that they can garner some political favor for state-backed liability protections or something to end the "blackout crisis" they're actively generating.
- chrischen 7y agoThey're also a monopoly... so penalties to PGE just become penalties to Californians... and actually we were just notified about a increase in our bills to cover their legal costs... https://www.actionnewsnow.com/content/news/Lawmakers-Vote-to-Allow-PGE-to-Raise-Rates-to-Cover-Wildfire-Lawsuit-Costs-492258311.html https://www.actionnewsnow.com/content/news/Lawmakers-Vote-to...
- opportune 7y agoWith this set up we get the worst of both worlds from a consumer perspective, we might as well just make PGE a state owned entity at this point. Right now their profits and equity are privatized but losses socialized, what absolute nonsense
- luckydata 7y agoI do not understand what the state of California gains from the pretend private status of PG&E. Seems like an unnecessary concession to the free market freaks for something that's naturally and obviously the domain of a government (public utility). Just make PG&E public already, the current legal status is a joke.