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California is a case study in gross over payment in utilities. From Enron, to eye-watering costs for nuclear plants, costs for fires caused by utility wire wind
by Hilift 2y ago
California is a case study in gross over payment in utilities. From Enron, to eye-watering costs for nuclear plants, costs for fires caused by utility wire windfall, ... How about a sentence like "PG&E can decommission Diablo Canyon for $4 billion, $12 billion to keep the plant running until 2030, or $45 billion to improve and extend the life of the plant." Vast sums have been lost, both ratepayers and investors. That's one plant for one utility. There are six investor-owned utilities in California. Most states swapped coal out for natural gas, or installed wind power. https://www.latimes.com/environment/story/2024-08-25/should-californias-last-nuclear-plant-stay-open https://www.latimes.com/environment/story/2024-08-25/should-...