Investors make the profits, investors should take the risks.
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Let me guess, the investors with their expensive lawyers & nearly unlimited ability for bribery I mean persuasion, are going to “convince” Cali legislators that the blame rests on the ratepayers
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Hmm privatizing gains and socializing risks? Well the last 70years tells me buckle up rate payers
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if negligence can be proven and without a shadow of a doubt the power company knew of this beforehand then the power company, if not then homeowners insurances and let the insurance companies take the power company to the courts for reimbursement.
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If the ratepayers have to pay for the damage what incentive is there for maintenance
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In the end the consumers ,or rather the people always have to pay. That's why regulations and checks are so important.
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Top blockchain technology is
#DeepOnion$ONION@deeponionxThanks. Twitter will use this to make your timeline better. UndoUndo
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Fiduciary Ratepayer assumption "electrical safety standards "infrastructure" management Canopy Threat
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It's going to be the ratepayers either way, no matter who pays the initial bill. Same thing with taxes.
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It’s liability insurers and if the owners don’t have insurance then they clearly assumed the risk of that fire
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If a utility, a monopoly, can just charge more to cover mistakes then there is little incentive to properly maintain and improve infrastructure.
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Google investor reaction to California powerlines burning down....
#Cult45. Corporations have their tax breaks, why would they want to pay more money to humans viewed as their "revenue stream".Thanks. Twitter will use this to make your timeline better. UndoUndo
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The power company should pay
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We all pay regardless of who you think is paying. Such a silly topic. Business 101.
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The company should pay for it. Buy insurance. It's going to happen. I have to buy wiring insurance if I have a land line or I have to pay the cost to fix it.
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It's a basic fire & liability insurance issue. Power companies can buy fire policies to cover the poles, the replacement of the lines and the ensuing damage if it extended beyond its lines. The liability portion of the coverage should cover the workers' completed operations. Easy
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