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PG&E is a for-profit company where the state determines the maximum they can charge for utilities. They make their money by building and owning infrastructure
by nucleogenesis 4y ago
PG&E is a for-profit company where the state determines the maximum they can charge for utilities.
They make their money by building and owning infrastructure (or some other fuckery I forget the specifics)
- dragonwriter 4y ago> They make their money by building and owning infrastructure The owners make their money by dividends and stock buybacks between bankruptcies. The company, well, two bankruptcies in less than 20 years—making money isn’t what it does, at least this millenium.