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That's not how they make money.
by TheHypnotist 7y ago
That's not how they make money.
- Symmetry 7y agoThe CPUC sets PG&E's profit margins so if they company can't persuade them to let them increase their profit margin then spending more on maintenance would be a good way to make more money. But of course, that would require them persuading the CPUC to let them raise rates to pay for cutting the vegetation.
- TheHypnotist 7y agoWhen you said make money, do you mean generate revenue? Because turning off the power does not generate revenue (but of course, i understand what you are trying to say). I don't know what PG&E does or their relationship with the CPUC, but typically the best way to get that rate increase is to do actual grid improvements. I would presume that would be getting out in front of their current situation. From what I understand this situation might be a complex mix of mismanagement at every level, state to utility.