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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Because right now insurance companies can take billions of dollars of claims to PG&E. https://www.wsj.com/amp/articles/pg-e-strikes-11-billion-settlement-with-insurers-over-deadly-wildfires-11568383221 …
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it's only like 1 in 10 fires started by the utilities, just happened to be two huge fires. normally it would be house insurance paying everything out and they know it.
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