Is anyone else thrilled to hear that California wants to take over PG&E?
Gov Newsom just threatened to take over PG&E if it doesn't get it's s--- in order by 2020. Is it just me, or is this slow motion train wreck just FASCINATING to watch?
CA's govt refuses to let the dead wood be burned in control burns, creating massive fire risk, puts 100% of the cost on PG&E regardless of whether they were negligent or not, forces them to spend all their money complying with renewable mandates, refuses to let them raise rates to pay for safety maintenance, driving them into bankruptcy and forcing the power outages...and now thinks it can run a power monopoly.
- BillLv 7hace 1 añoRespuesta preferida
If liberals are anything it's predictable. No other state has their power issues, but of course people in California blame the private sector for their problems and thinks the solution is a government take over. How utterly predictable.
It's also predictable that once again liberals go out of their way to ruin an industry and instead of taking responsibility for doing it they blame it all on the private sector (aka the victim) so they can argue it is time for the government to do it.
- Mother HubbardLv 7hace 1 año
It's hardly thrilling to hear that an American in power finally floated the idea of starting to maybe do something about our privatized utilities after all these years..
- DickLv 7hace 1 año
A couple of generations too late.
- hace 1 año
No investor will ever put money into another California utility from now on if the governor attempts to "nationalize" the utility and steals the investors' money.
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- Anónimohace 1 año
3rd world hell-holes have their power cut all the time...hell Costa Rica has more first world problems than the "Golden State"...
- Mr. SmartypantsLv 7hace 1 año
San Francisco built the Hetch Hetchy project, a dam and reservoir which was supposed to supply the city with both water and power. Then, because of political corruption, they sold the power to PGE. PGE buys the power cheap at the generator, transports it across the state, and sells it for a lot more to the city. Every so often there's a ballot measure in SF to buy back their own power, and PGE spends millions to defeat it (and gets that money back from its ratepayers).
PGE doesn't even do its own maintenance anymore. They farm it out to contractors to save a little money. And when the contractors screw up, it's not PGE's fault.
Several cities in California operate their own electrical power systems, and guess what? They're a lot cheaper! There ARE things local govts can do better than a commercial company obsessed with only making more and more profit. Capitalism works great for some things but not so well for other things.