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> meant to be a service (congress has to approve rate increases), but it's treated like a business. This is exactly the way a utility works.
by morpheuskafka 6y ago
> meant to be a service (congress has to approve rate increases), but it's treated like a business.
This is exactly the way a utility works.
- hannasanarion 6y agoThe difference is that utilities don't also have their liabilities defined in law. No electric company has a standing mandate to stuff $110 billion under a mattress so that they can pay pensions to people who won't be born until the next century.
- casefields 6y agoIf they did PG&E couldn't just run to bankruptcy court and get away with all the fire and destruction they caused. Maybe we should make more utilities be prepared like the USPS.