It would probably still accrue to ratepayers but overall rates should be lower, based on the growing gap between power bills of IOUs' customers vis-a-vis those of publicly owned utilities such as SMUDhttps://twitter.com/LaurelRosenhall/status/1071951833537556481 …
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I think he’s saying investor owned utilities have recently tended to have higher rates than publicly owned utilities, so rate payers may be better off w a public takeover of PG&E, even considering the fire liability the public would assume as part of that takeover.
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