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@EvilCEOE | |||||
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On the contrary - when done right the stockholders shoulder the risk, reap the profits. The added value is being able to qualify for massively larger debt, and thereby sponsor larger, more advanced projects. But I don't see that happening here, which is the failure I question.
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Dreadful E
@EvilCEOE
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10. lis |
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Good thread on the "PG&E paradox" - it being a decidedly awful public utility and also being faced with a terrible set of choices twitter.com/gilbeaq/status…
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Dreadful E
@EvilCEOE
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10. lis |
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I'd like to understand how a progressive state known for its regulatory experimentation has let PG&E slide this long. I mean Erin Brockovich came out in 2000, and was about a 1993 case about 60s toxic dumping.
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Trump will end Social Security in 2021
@ghost_of_roger
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10. lis |
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PG and E is a public private partnership. It has stockholders. This is a Paul Ryan/Betsy Devos fever dream of a situation in the Bluest of states.
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Dreadful E
@EvilCEOE
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10. lis |
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I have to disagree - the whole regulated rates/public financing model of utilities is a beautiful wedding a capitalism and socialism imo. It's not being done right though.
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Trump will end Social Security in 2021
@ghost_of_roger
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10. lis |
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It's a disaster and has been for a very long time. There is no public good for it to have stockholders, it doesn't add value to the people of CA.
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Trump will end Social Security in 2021
@ghost_of_roger
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10. lis |
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I'd rather have the state do that, because I have not seen that happen in practice with PG and E. I don't fault the lion for eating the giraffe though. It's the lion's nature.
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Dreadful E
@EvilCEOE
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10. lis |
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There has been a "municipalization" movement in electric utilities, but it's reversed because the results were not good.
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