3 ms·

Yeah because those are where the money’s going. https://www.google.com/search?q=pg%26e+profits https://www.google.com/search?q=pg%26e+profits

whimsicalism 2y ago
1. a 10% profit margin this year - they are not even profitable over the last 10 years and barely profitable over the last 25. 2. yea, prevailing wage requirements are definitely relevant to the marginal cost of a labor intensive undergrounding project 3. why is pg&e the topic of discussion here?
- RangerScience 2y ago
  The last batch of fires were, AFAIK, caused by under-maintained PG&E infrastructure. I would not be surprised if it turns out these were, too.
  - rented_mule 2y ago
    LADWP (Los Angeles Department of Water and Power) and SCE (Southern California Edison) provide almost all electricity near these fires. PG&E does not operate in the Los Angeles area: https://www.pge.com/tariffs/assets/pdf/tariffbook/ELEC_MAPS_Service%20Area%20Map.pdf https://www.pge.com/tariffs/assets/pdf/tariffbook/ELEC_MAPS_...
    - verteu 2y ago
      GP is referring to these fires: https://apnews.com/article/af0ec776efd4b3049f7800ff981bff88 https://apnews.com/article/af0ec776efd4b3049f7800ff981bff88 > Pacific Gas & Electric’s outdated equipment ignited wildfires in California that killed more than 100 people, wiped out entire towns and led the company to confess to crimes driven by its greed and neglect. > The decision by U.S. Bankruptcy Judge Dennis Montali clears the way for PG&E to pay $25.5 billion for losses from devastating fires in 2017 and 2018.
      - Dylan16807 2y ago
        I think you missed half the post: "I would not be surprised if it turns out these were, too."
        verteu 2y ago
        Whoops, I did. Thanks for the correction!
    - RangerScience 2y ago
      Ah! You’re correct, thank you for the correction. I’ve been LADWP for so long I forgot the rest of the area was SCE. I have a friend who does power pole inspection, and boy, the stories. Infra is crumbling.

whimsicalism 2y ago

1. a 10% profit margin this year - they are not even profitable over the last 10 years and barely profitable over the last 25. 2. yea, prevailing wage requirements are definitely relevant to the marginal cost of a labor intensive undergrounding project 3. why is pg&e the topic of discussion here?

RangerScience 2y ago
The last batch of fires were, AFAIK, caused by under-maintained PG&E infrastructure. I would not be surprised if it turns out these were, too.
- rented_mule 2y ago
  LADWP (Los Angeles Department of Water and Power) and SCE (Southern California Edison) provide almost all electricity near these fires. PG&E does not operate in the Los Angeles area: https://www.pge.com/tariffs/assets/pdf/tariffbook/ELEC_MAPS_Service%20Area%20Map.pdf https://www.pge.com/tariffs/assets/pdf/tariffbook/ELEC_MAPS_...
  - verteu 2y ago
    GP is referring to these fires: https://apnews.com/article/af0ec776efd4b3049f7800ff981bff88 https://apnews.com/article/af0ec776efd4b3049f7800ff981bff88 > Pacific Gas & Electric’s outdated equipment ignited wildfires in California that killed more than 100 people, wiped out entire towns and led the company to confess to crimes driven by its greed and neglect. > The decision by U.S. Bankruptcy Judge Dennis Montali clears the way for PG&E to pay $25.5 billion for losses from devastating fires in 2017 and 2018.
    - Dylan16807 2y ago
      I think you missed half the post: "I would not be surprised if it turns out these were, too."
      - verteu 2y ago
        Whoops, I did. Thanks for the correction!
  - RangerScience 2y ago
    Ah! You’re correct, thank you for the correction. I’ve been LADWP for so long I forgot the rest of the area was SCE. I have a friend who does power pole inspection, and boy, the stories. Infra is crumbling.