Highly recommend reading the state LAO report which goes into the cost structure behind the large utilities. https://lao.ca.gov/Publications/Report/4950 https:/

Highly recommend reading the state LAO report which goes into the cost structure behind the large utilities. https://lao.ca.gov/Publications/Report/4950 https://lao.ca.gov/Publications/Report/4950 As well as Palo Alto's utility financial statement which is linked in the post.