Comment by ahmeneeroe-v2 9 hours ago
You should look more closely at your PG&E bill. There are some hidden CA taxes in there.
Also PG&E was forced to divest most of their generation assets, so I believe that much of the grid power down there is not under PG&E's control
Edit: Finally, any Western US utility needs to bear the cost of wildfire liability. Whether that is a state-owned utility or private, the cost is still there.
It is under regulation that is the problem here. PG&E has caused multiple huge disasters through negligence that have caused deaths and billions in damages that they pass on to rate payers. And this is after they redirected funds for maintenance directly to executive compensation.
The regulators should have thrown the hammer down on PG&E then, but after the disaster happens the money has to come from somewhere. Even if PG&E declares bankruptcy, the grid must run, and people must be able to rebuild their destroyed homes.
A public utility would be better than this sort of parasitic investor owned utility. Or, lots more regulation, and lots more jail time.
PG&E is in no way a victim here. Their CEO is being paid $50M a year, and our rates got increased 6 times last year. Nevada the next state over, the prices are 20% of California's.