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Yes, but not having capacity outages is a very low bar in the developed world, whereas the prices Californians pay for electricity is much higher than most plac
by hollerith 2y ago
Yes, but not having capacity outages is a very low bar in the developed world, whereas the prices Californians pay for electricity is much higher than most places.
- jeffbee 2y agoTwo separate problems. PG&E is guaranteed a return on capital, so the prices are just going to be what they are until the state unwinds that bad deal. It doesn't have much to do with anything else.
- hollerith 2y agoThe two "problems" are related in that California's not having capacity outages does very little to offset the fact that whoever decided how to provide electricity for Calfornia did a bad job.