11 ms·
Sounds like it should be nationalized imo
by pram 6y ago
Sounds like it should be nationalized imo
- dragonwriter 6y ago> Sounds like it should be nationalized imo There was a major effort by a coalition of local governments in the PGE service area along with community orgs and others to have a public takeover in the most recent bankruptcy rather than another private transition to continue thr cycle of bad behavior, massive liability escaped by bankruptcy, and further bad behavior which is PG&E’s history, as well as bids by individual public entities for parts of PG&E’s operations. Some of the latter mat have succeeded but the former failed, and so the cycle will continue.
- ThrustVectoring 6y agoAlready basically has been, CPUC sets PG&E's rates, profits, and infrastructure investment.
- hellbannedguy 6y agoI'm all for that. I don't know how public management could do a worse job than PG&E. Off topic, but I would like to see California get tough on all Insurance companies though. We have a full time Insurace Commissioner. Like basically, "Don't get cute on rates. If you don't stop getting cute, we will take away some of your cake--like go back to requiring car insurance, but not demanding it at DMV. Stop colluding--even though you deny it. Stop sending millions to our politicians." (Sacramento is very much influenced by Insurance industry Lobbiests. I don't have a citation at hand though.) Actually, I wouldn't mind seeing all insurance sold in CA sold by a public nonprofit entity. I believe CA is big enough, and wealthy enough, to self insure its citizens.
- chmod600 6y ago"I don't know how public management could do a worse job than PG&E." Don't tempt fate.
- chmod600 6y agoI think you mean state-run, right? Nationalized would mean managed by Congress, which is unlikely to be an improvement.
- softbuilder 6y agoThere's a middle ground. https://www.smud.org/ https://www.smud.org/ is a good example of a well-run public utility in California.