Posted on 07/21/2019 2:06:30 PM PDT by upchuck
California’s proposed $26 billion bailout of bankrupt PG&E’s wildfire liability will push the state’s average residential electric rates to 70 percent higher than national average.
California Gov. Gavin Newsom signed a bill on July 18 that supposedly will share equally between Pacific Gas & Electric (PG&E) shareholders and its customer the estimated $21 billion liability for 2017 and 2018 wildfire losses. The deal is also contingent on PG&E and the state’s other two investor-owned utilities, Southern California Edison and San Diego Gas, contribute another $5 billion to cover losses.
According to the latest U.S. Energy Information Agency report, California’s residential electric rates currently average 18.05 cents per kilowatt hour (kwh) versus a national average for the other states of 13.16 cents / kwh. Despite already being 37 percent higher than the national average, the bailout will push rates up to about 22.22 cents / kwh, or almost 70 percent higher than the national average.
PG&E is the seventh largest U.S. electric utility. The company has 106,681 circuit miles of electric distribution lines, 18,466 circuit miles of interconnected transmission lines, and 24,000 employees to service 5.4 million customer accounts for 16 million residents.
The State of California has implemented a series of disastrous policies since the 1990s to slash utility profit margins, demand conversion to much more expensive sustainable electricity generation, and shriveled spending money on forest management.
The California Public Utilities Commission slashed investor-owned utilities’ return on shareholder equity from 13 percent in 1990 to about 9.45 percent since 2016. The very low return on equity clearly encouraged PG&E to cut back on maintenance spending.
(Excerpt) Read more at americanthinker.com ...
It’s not just propaganda, man.
I’ve been on a contract recently where we’ve been looking for IT personnel. We’re not hiring H1Bs or imports, but we’re having a very hard time finding reliable skilled personnel for our client’s project even though we’re paying more than our market average. We have had 1200 applicants for a recent position and having gone through 700 of them have yet to find someone who can fit the bill - i.e., actually has the proper skills instead of lying about them, who actually shows up or logs in on time, doesn’t leave early, doesn’t have an awful sense of entitlement, etc. We’ve gone through 12 probationary employees so far and had to term all of them before their probation was up.
Not my first time in this situation recently either. Recent grads are the worst I’ve seen in 25 years in the business.
Please see my post 81 above. While I do agree that there is more than a little propaganda out there about it, recent recruiting experience tells me that there is at least some basis in fact out there.
You’re leaving off one or two zeros (before the decimal point). Or you live in a tent.
Well,
I plan to setup
Residence in Arizona.
Cochise County is in
South East corner.
Do a little exploring
and keep busy away
From the maddening
Crowds.
Unfortunately i dont know how to send a copy of the bill page. It doesnt allow copy and paste
So.... can people sue PSE&G for causing wildfires that increased the rates, to recover the additional cost of electricity?
I don’t know how the lower income or elderly fixed income folks can keep up.
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Many homes in California use natural gas for cooking, heating, and hot water. Also, the weather is quite mild throughout much of the state. I grew up in La Mirada — on the edge of Orange County — and there were only two or three weeks in the year when we used air conditioning.
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Where I live electrical costs are not anywhere near as high as California’s. We switched to natural gas soon after they laid in the necessary pipe infrastructure because natural gas was comparatively cheap. In addition to the uses you mentioned we also use natural gas for our clothes dryer which yields a significant savings compare to the usage costs of an electric dryer.
It's because our universities and the teachers they produce have been intentionally sabotaged for more than a century, largely through the machinations of globalist foundations.
Dodd Report to the Reese Committee on Foundations, 1954. Look it up.
California is a mentally deficient state on drugs, hallucinating and can’t understand why.
I don’t disagree with that - but as mentioned, that’s not a problem we can solve right this second. I suggest we get started on it, but for right now, we bluntly need people to fill those roles if we want to maintain/re-establish supremacy in many fields and fill other needs.
One way to fix the H1B type systems (and again, the contract I am working is one that will not and cannot hire anyone but American citizens, so this won’t benefit me at all) would be to allow companies to import temporary workers with some additional vetting... but if you need them so badly, you should have no problem paying them at least three times (this could be adjusted higher) the going pay for a position.
This would completely kill the idea of using the system to bring in cheap workers to replace Americans - but if a company really desperately needed someone’s expertise and literally could not find talent domestically, they could. There could also be a tax added on top of that, which would generate revenue for the government.
Kind of like laws that say you have to shovel the sidewalk in front of your house. Don’t do it and you get fined but nobody can sue you for injuring themselves from what “God wrought”....Shovel it and you can get sued if someone slips and hurts themselves because you “modified the natural state”...
With that being said, I am curious about the type of IT skills you are looking for, my best guess from what you are describing is for frontend/JS development.
Pretty close. I am prevented from being more specific by an NDA, but it is frontend work and involves AWS *and* Azure integration.
No argument here. That’s why I left in 78.
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