PG&E is a public company listed on the NYSE. It’s absurd to claim that any money they save results in lower prices. They are free to return saved money to share

PG&E is a public company listed on the NYSE. It’s absurd to claim that any money they save results in lower prices. They are free to return saved money to shareholders as a dividend, and indeed they have done so in lieu of necessary maintenance. Meanwhile their prices just go up and up. The CPUC absolutely does not control what profit PG&E makes but they do have to approve any rate increases, which due to regulatory capture, they naturally do. The brokenness of this system is as obvious as the brokenness of its outcomes.