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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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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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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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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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