Comment by ahmeneeroe-v2
Comment by ahmeneeroe-v2 9 hours ago
>the urban areas of California are subsidizing the fire prone rural areas of the state
Meanwhile Rural California is where the electricity is actually generated[1]; they're "subsidizing" urban use.
>SVP vs PG&E
This has nothing to do with the ownership model and everything to do with not being obligated to serve rural areas. They get to serve only lower cost dense areas
[1] https://en.wikipedia.org/wiki/List_of_power_stations_in_Cali...
True that SVP benefits from not serving a rural area, but we also need to consider again that PGE is a for-profit organization that in 2024 posted $2.5B in profits, which were distributed to shareholders[1]. If PGE were owned by the state with no such fiduciary duty, this money could instead be used to lower rates and/or invest in infrastructure.
[1] - https://www.zacks.com/stock/quote/PCG/income-statement?icid=...