Pensions, political contributions and “Green Initiatives”.
PG&E is one of the largest political contributors in the state - most of it to Dems. Earlier this hear they dumped over $40 mil into a ballot initiative to strengthen their monopoly. It lost. That $40 million would have paid to replace the pipeline in San Bruno 8 times over.
LADWP are bad but PG&E are the biggest bunch of crooks in California - after the state legislature of course.
So you think a good way to end monopolies is to have the government take over private businesses? I’m puzzled to read that, at least here on FR.
Wow worse than LADWP? That is saying something.