Meawhile, on Wall Street...https://www.barrons.com/articles/pg-e-stock-slumps-after-judge-rules-bondholders-can-propose-bankruptcy-plan-51570711538 …
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and I don't think our current structure is set up to do that. Could you imagine being elected reps for those areas?https://www.pressdemocrat.com/news/9502508-181/gov-gavin-newsom-wont-block …
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I mean, the immediate utilitarian decision here is how to balance the potential harm of utility-sparked wildfires against the predictable harm of widespread prolonged blackouts. Doesn't seem to work well when the decider only pays costs for one of those two things.
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Additional option: Bury power lines in dense places, then do either of other options to handle rural ones where that’s definitely cost prohibited.
End of conversation
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Some hedge fund is going to get rich destroying a reinsurer.
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“Our fund is short the world”
End of conversation
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