California’s energy regulator is fully captured by the private companies that “operate” the actual grid companies. Every time someone brings up prices the regulatory board agrees to raise them and let the owners walk away with the extra profit.
And from my understanding, after PG&E was held liable for their electrical lines causing deadly wildfires, they jacked the rates up even higher to cover the settlement costs.
California’s energy regulator is fully captured by the private companies that “operate” the actual grid companies. Every time someone brings up prices the regulatory board agrees to raise them and let the owners walk away with the extra profit.
Our energy provider is private too, though they need to ask the legislature to approve a rate hike.
And from my understanding, after PG&E was held liable for their electrical lines causing deadly wildfires, they jacked the rates up even higher to cover the settlement costs.
Yup