Well, profit is about 10%, so peak rates for electricity could drop to $0.63/kWh instead of $0.70/kWh, which is still a ridiculous rate, even in California. An

Well, profit is about 10%, so peak rates for electricity could drop to $0.63/kWh instead of $0.70/kWh, which is still a ridiculous rate, even in California. And instead of shareholders capitalizing the company, the government would need to use tax payer money. And worst of all, when the state company fucks up, then the politicians would take the blame and might lose votes. #1 and #2 are possible, but #3? Never going to happen in California.