My Dad worked for Iowa Power and Light for 44 years before retiring. Warren Buffet now owns the company. I can’t imagine Buffet buying PG%E and being liable for the disasters yet to come.
Buffet shoudl never have been allowed to buy Iowa Power and Iowa Public Service.
IOUs (investor owned utilities) had chartered territories, government subsidies, state-approved rate hikes, etc.
Warren scooped up companies that our public policies supported.