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I mean there's 50 states and a handful of territories if we're sticking to the US. If you don't like how Texas or California does things there's still plenty o
by lesuorac 3y ago
I mean there's 50 states and a handful of territories if we're sticking to the US.
If you don't like how Texas or California does things there's still plenty of options to choose from.
But yeah, California has problems because it's regulators get stingy. If you control how much maintenance a company can do and cut back how much it should do then don't be surprised when things are poorly maintained.
> When PG&E suggested inspecting 300,000 poles a year to ensure safety in 2012, CPUC cut the total to 235,000.¹¹ In 2011 and 2012, when PG&E spent almost $100 million more on replacing poles than allowed by CPUC, the regulator took that as a reason to deny future claims for pole replacement spending. It said “PG&E demonstrated the capacity and willingness to spend more than previously authorized…to meet service obligations,” thus they would not include extra required pole replacements in the “rate base.” These sorts of decisions created exactly the wrong incentives, penalizing PG&E for doing more than was required.¹²
https://ciceroinstitute.org/pge-failing-california/ https://ciceroinstitute.org/pge-failing-california/