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Californians: Remember, the reason we have to shut off your power is because we CEOs decided our bonuses were more urgent than the T&D repairs and tree trimming that could have prevented these wildfires. And the reason you can't control your own energy company is because socialism doesn't work and would result in blackouts and disasters.
I don't talk about this much, but I've been writing about utilities for more than a decade as a job. They privatized most big utilities promising that exactly this wouldn't happen.
This pretty much exactly mirrors every other way our country has become the worst of what they told us the USSR was like.
It's possible I'm mistaking what will happen with what I'd like to happen, but PG&E is flirting with being taken over by the state and becoming a public utility. Or perhaps broken up and functioning as several smaller public utilities.
Gov. Newsom has been extremely vocal about how all of this is the fault of PG&E's mismanagement. Like, yes, it's climate change, and there will be problems that spring from that, but PG&E chose to pay themselves more rather than prepare for what everyone knew was coming.
@kaniini shoulda but didna
@kaniini no, the climate change part is how dry everything is.
@kaniini lol no! Another great success story for capitalism.
@interneteh I lived in CA for 20 years, and people were pissed at PG&E and talking about the state taking them over in the 1990s. That could be one of the best outcomes in this scenario.
@raye yeah, I wish I knew more about the Enron thing and what PG&E's culpability was there, but it was before my time
@raye @interneteh !!! I lived there for my whole childhood and college and I think I just assumed they *had* been taken over by the state at some point.
I hope CA does take it over...
also, term limits make regulatory capture easier
less experience, continuity, institutional memory; bigger line at the revolving door