I have to disagree - the whole regulated rates/public financing model of utilities is a beautiful wedding a capitalism and socialism imo. It's not being done right though.
These are both cities though. PG and E is what, 1/3 of CA? 10 million people? That's like the population of Portugal
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16 million customers is an insane amount. Which would make there be more political will to regulate them I would think. Like I keep saying: this is bizarre to me as someone who studies industrial organization and regulation.
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Like if I were someone who studied frogs and found a 25 lb frog that breathed fire and shit silver thread I'd have approximately the same reaction I am having to "how the fuck was PG&E allowed to arrive at this state?"
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