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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I would also argue that undergrounding, in addition to cost, will also take much too long. We need solutions that will be effective within one or at most two fire seasons. Undergrounding wires, even if we decide to afford it, will take at least a decade. That's too long.
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