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Like if I were someone who studied frogs and found a 25 lb frog that breathed fire and shit silver thread I'd have approximately the same reaction I am having to "how the fuck was PG&E allowed to arrive at this state?"
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Dreadful E
@EvilCEOE
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10. lis |
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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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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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Trump will end Social Security in 2021
@ghost_of_roger
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10. lis |
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Can you give examples?
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Dreadful E
@EvilCEOE
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10. lis |
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Dreadful E
@EvilCEOE
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10. lis |
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and here is an example of it being attempted and going very poorly utilitydive.com/news/boulders-…
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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 am sorry. I don't have the brain power to read those. What was the issue? Is there some reason to say that their failure is worse than PG and Es?
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Dreadful E
@EvilCEOE
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10. lis |
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Jackonsville's muni isn't giving customers what they want and is losing money, so they are selling the infra to an investor-owned. Boulder has been trying to go muni but can't get the job done because it's not something a city gov't is built to run.
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Trump will end Social Security in 2021
@ghost_of_roger
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10. lis |
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These are both cities though. PG and E is what, 1/3 of CA? 10 million people? That's like the population of Portugal
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Dreadful E
@EvilCEOE
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10. lis |
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16 million customers is an insane amount. Which would make there be more political will to regulate them I would think. Like I keep saying: this is bizarre to me as someone who studies industrial organization and regulation.
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