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I have seriously been considering trying to start a petition to make the CPUC a voted office again. If you look at where the CPUC members end up after their ti
by tannedNerd 3y ago
I have seriously been considering trying to start a petition to make the CPUC a voted office again.
If you look at where the CPUC members end up after their time “protecting the public” you wouldn’t wrong to be infuriated. In fact they have not denied a rate increase in the last 25+ years. They rubber stamp everything for the utilities so they can get their 200k+ jobs with them after!
- polski-g 3y agoLooking PG&E's net profit margin for the past 5 years, it looks like the rate increases are not large enough-- In fact they've lost money. https://investor.pgecorp.com/financials/sec-filings/default.aspx https://investor.pgecorp.com/financials/sec-filings/default....
- AlotOfReading 3y agoDid I miss something? 2018-2021 were losses due to massive lawsuits from burning down large portions of the state, but 2022 was their highest net in the last decade. Besides, PG&E has some of the highest rates in the country. If they aren't profitable, lack of revenue probably isn't the issue.