$PCG is a permashort unless you think California will end inverse condemnation or that there will never be another fire in Northern California.
They have been giving us grief for years. The Enron days and now this. The company has zero goodwill with the people of CA. Too many shenanigans. Nobody willing to give benefit of the doubt anymore.
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Ok, but how efficient would a state run utility be?
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Most utilities are granted monopolies. Most likely reason they suck is that they have never had to worry about competition
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