Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
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Kim-Mai Cutler Retweeted Chris Garrett
Kim-Mai Cutler added,
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?
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 …
If there are clear solutions to supplying California electricity in a changing climate, cannot California regulators mandate solutions, and who pays?
They can mandate solutions, but if those solutions require investments at the scale that needs to be made, their voters/payers may revolt.
The discussion about “climate adaptation solutions cost more than we want to pay, now what?” would be more productive than current discussions about “PG&E is at fault, legislators and voters are not”.
Well said.
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