In all the conversation about PG&E's looming bankruptcy, I feel like Californians grossly underestimate the costs of adapting our energy grid to climate change/wildfire. It's $4-5M/mile to underground lines, $5K/stump to remove hazardous trees. PG&E did 451K of them after 2016.
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No. Jesus no.
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Don’t have a paper to recommend but from my experience SMUD is the best California example of a well-run publicly owned utility. LADWP is the largest. The mandates of publicly owned utilities have however historically been lower cost power than investor-owned utilities. /1
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In the era of climate change & a transition to a net-zero emissions society, the mandate & funding structure of public utilities would have to be quite different as they would be on the frontlines of technology change to aid climate stability while mitigating risks like fires./2
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