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Correct. But that is a assuming a public utility would have / will do as bad of a job at maintaining California's infrastructure. It seems a public utility would not be as incentivized to go on a "cost-savings journey" as PG&E did in 2015 to increase short-term profits ... 1/2
But see this on the one state agency that does run a power system in California. The underlying report is umm, frightening. And maintaining big pieces of concrete is way easier than what PG&E has to do.https://www.latimes.com/local/california/la-me-water-chief-ouster-20180110-story.html …
Correct. Imagine fitting that into the state budget. During a recession.
Or victims would just be screwed by a state that puts limits on what it pays for damages. Neither are great answers. I have yet to hear an argument for making PG&E public that lays out a way in which public ownership solves the core problem facing the utility.
If the state takes over the utility, the current doctrine of utility inverse condemnation becomes even more "inverse cobdemnationey." No change in the liability model. Only dif might be whether ratepayers or all taxpayers foot the just comp bill.
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