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Where I live, my electricity is maintained and provided by my town. I pay less than nearby towns that use National Grid. That's how.
by ezfe 4y ago
Where I live, my electricity is maintained and provided by my town. I pay less than nearby towns that use National Grid.
That's how.
- yucky 4y agoYou seem to have misread the sentence. Having a municipality that runs a utility is not at all related to how a US state could seize the assets of a private company, fire the Board of Directors and steal the ownership shares from all of its investors (large or small) in order to make it a state run enterprise. So no, that's not how.
- ezfe 4y agoI did misinterpret the point of issue. However, lets say that California couldn't seize PG&Es assets directly (transmission lines, etc.) - that doesn't really matter as California can force PG&E's hand, given that they could easily put them out of business. California is in control, it just doesn't have the political capital to do what's needed.