PG&E is legally allowed only a small profit as a percentage of revenue. Without it they couldn’t raise private capital, and would require public funds directly.

PG&E is legally allowed only a small profit as a percentage of revenue. Without it they couldn’t raise private capital, and would require public funds directly. They have every incentive to spend as much money on maintenance as is required, assuming the politicians allow the rates to rise. They also have an obligation to spend their safety budget ON SAFETY RELATED ACTIVITIES. Instead they blew their wad on a cash bonus for the CEO. If they can't find the money to maintain their equipment maybe it's time to claw back the $100,000,000 they stole.