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It's the opposite of a contradiction. PG&E must have its pricing and capital expenditures approved by the government. It is a borderline government entity.
by consensus1 4mo ago
It's the opposite of a contradiction. PG&E must have its pricing and capital expenditures approved by the government. It is a borderline government entity.
- etc-hosts 4mo agoPG&E still exists to maximize returns for its investors.
- gottorf 4mo agoOnly theoretically. PG&E's dividend yield is worse than savings accounts currently, and its stock price hasn't gone anywhere in 40 years. In fact, if you invested before the 2017 fires, you could have lost 85% of your money and, to compensate for your trouble, not even received a single red cent of dividend in six years. "Borderline government entity" seems more reflective of reality.