As shutdown season begins, wish takes addressed that: a) PG&E's costs+rates+profit margins are subject to government approval; b) PG&E is a monopoly that could charge enough to profitably afford extensive maintenance work; c) PG&E shareholders get wiped out by big fire losses
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Yeah, per that article, you're talking around a five-fold increase in rates for a robust maintenance plan. That a) definitely could be absorbed by the Bay Area/Norcal economy, and b) would generate mass public outrage.
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I wonder if the future of PG&E is going to follow the path of private transit companies in the 20th century... Bankruptcy, public takeover, and reliant on bond measures and other subsidies to keep rates affordable
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