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They're regulated in such a way that they basically print money, in certain circumstances. I do agree though, power companies should not be publicly operated a
by beams_of_light 7y ago
They're regulated in such a way that they basically print money, in certain circumstances. I do agree though, power companies should not be publicly operated at this point in time. It might have made sense when electricity being delivered to homes and businesses was a new and somewhat optional concept, but we've reached a point where it's exceedingly rare to _not_ have electricity available at all times. I believe PG&E is essentially telling the state of California, "So, you're going to sue us for billions of dollars because of wildfires you think our transformers caused? I guess we'll have to retalia...er, shut off the power sometimes in order to prevent fires."