These folks have a lane. And it’s important to understand that in this process, their lane is to push PG&E to fully justify any expenditure. The IOU has not always done a good job in justifying these expenditures. The big miss though is that fire was even a major enterprise risk.
-
-
-
If the state takes them over, there is no way the state gets out of inverse condemnation right? So if there’s a fire and PG&E is a public utility, then it’s like CA has $30B in liabilities?
- 6 more replies
New conversation -
-
-
Pullquotes are from the 2014 general rate case determination for PG&E. Probably a good idea for folk to comb through the records to see what PG&E proposed, and what the CPUC/ORA pruned from their budget in prior cycles
-
The process rewards organizations who show they have a stake. While just any organization isn’t eligible it isn’t hard to justify status.
- 1 more reply
New conversation -
-
-
Yeah I've never understood why everyone goes on and on about shareholder profits, when they're strictly capped at like 6% per year - hardly a princely sum.
-
Before the fires, PG&E earned 10.5%. Not clear what their cost of capital will be after the current rate case but it will be a lot higher.
- 3 more replies
New conversation -
-
-
The more I learn about that CPUC the more I wonder if they are the problem here
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
