You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
Incredibly frustrating to watch every California elected official pretend the CPUC doesn't exist, and doesn't already have control over PG&E's target profit margin, rates, and budgethttps://twitter.com/laurafriedman43/status/1187962909755883520 …
A reminder that every three years PG&E submits a detailed proposed budget and rate schedule to the state-controlled CPUC, which approves or rejects expenditures on a line-item by line-item basis: http://docs.cpuc.ca.gov/PublishedDocs/Published/G000/M102/K361/102361873.PDF …
And in those proceedings, there is an independent division of the CPUC (the 'Office of Ratepayer Advocates') that has typically argued against maintenance and safety expenditures, so that rates can be kept low: https://en.wikipedia.org/wiki/Office_of_Ratepayer_Advocates …pic.twitter.com/wqyiKR9anU
Journalists who complain about PG&E without explaining the CPUC governance structure, and looking very carefully at prior rate case and cost of capital proceedings, are failing to do their job at a fundamental level
Does this mean then that PGE has not been erroneously diverting funding from repairs and to their executives pockets?
Given their governance structure, PG&E has no incentive to under-propose maintenance spending; their target profit margin is set by the CPUC, and lower expenditures just mean lower rates. They do have an incentive to spend less than budgeted; no idea if that actually happened.
Would be awkward for the convenient narrative for Newsom to heroically read the riot act to CPUC ... but that's probably what he should be doing. Asm. Friedman probably gets DWP, lucky
The cynic in me says the system is working exactly as intended--PG&E is a quasi-public entity that looks private to laypeople, providing a layer of plausible deniability (and liability shielding) for the public officials with ultimate control
Wasn’t it the CPUC the ones that green-lit the PSPS program?
CPUC green-lights everything, as I understand it. PG&E is required to have them approve their budget and rates on a quite fine-grained level.
Didn’t PG&E take bankruptcy?
Yeah, they're in chapter 11 proceedings now.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
