Public utilities should not be for profit companies, especially public listed companies. They shouldn’t aim to maximize profits. If they were to instead maximize utility, they may re-invest in infrastructure more heavily and put power lines under ground. Maybe I am missing something and someone can offer a counter argument.
‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
31–40 of 291 posts
Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#32It will be interesting watching how all this plays out. As others have noted the liability math has certainly changed. Enough to bankrupt one of the largest utility companies in the country. One the other hand this is also a political statement. They are clearly signaling to the politicians that they better shield them from further liability or expect more of this behavior. Shut the power down when the wind blows, af…
My money is they get taken over by the state. Privatizing a utility was always a stupid move to begin with and they are finally proving it beyond any reasonable doubt. It's time we get to fixing all the damage Regan did to this country.
https://www.masterresource.org/insull-samuel/insull-rural-el...
FDR didn't like competition for attention, and hounded Insull in court for years.
Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#33Public utilities should not be for profit companies, especially public listed companies. They shouldn’t aim to maximize profits. If they were to instead maximize utility, they may re-invest in infrastructure more heavily and put power lines under ground. Maybe I am missing something and someone can offer a counter argument.
Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#34Public utilities should not be for profit companies, especially public listed companies. They shouldn’t aim to maximize profits. If they were to instead maximize utility, they may re-invest in infrastructure more heavily and put power lines under ground. Maybe I am missing something and someone can offer a counter argument.
Paradise (Camp fire) was sufficiently west that I think its own power lines did not travel through Natl Forest however if I'm not mistaken it was hit by fire from the east (pushed by a wind out of the east), further up into the Sierra, and almost certainly there power lines were in the wilderness.
Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#35Public utilities should not be for profit companies, especially public listed companies. They shouldn’t aim to maximize profits. If they were to instead maximize utility, they may re-invest in infrastructure more heavily and put power lines under ground. Maybe I am missing something and someone can offer a counter argument.
The interesting question is when you got something that you can't compete with directly like a train line but can compete using other methods like buses or airlines. In that case there might be more incentive to a train line operator to give a good service because of the competition.
Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#36Public utilities should not be for profit companies, especially public listed companies. They shouldn’t aim to maximize profits. If they were to instead maximize utility, they may re-invest in infrastructure more heavily and put power lines under ground. Maybe I am missing something and someone can offer a counter argument.
Just a line item...
Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#37Earlier quoted context omitted.
Private utilites work just fine in every other state. Maybe this just a California being California issue again. No need to throw the baby out with the bathwater...
> Maybe this just a California being California issue again. California is a high fire risk state regardless of whether the utility is publicly owned or investor (aka privately) owned. The risk is on a level that doesn't occur in many other states. If the costs of fires are going to be socialized anyways (by immunizing utility from the liability, hence putting the burden on the ratepayers), the question of whether th…
Sounds a lot like California being California to me...
Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#38Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#39Public utilities should not be for profit companies, especially public listed companies. They shouldn’t aim to maximize profits. If they were to instead maximize utility, they may re-invest in infrastructure more heavily and put power lines under ground. Maybe I am missing something and someone can offer a counter argument.
Re: ‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
#40Earlier quoted context omitted.
the math changed because they were sued for something that should've been acceptable risk. So now it's unacceptable risk. What goes around, comes around.
They didn't wind-up liable because arcing electricity just happens to sometimes 'cause fire. They wound-up liable because they gutted their tree-trimming operations and paid the difference in dividends. That is something that definitely makes you liable regardless of whether the original thing is an acceptable risk. Now, it's hard to if this is indeed a "bail us out or we'll shut down at every strong breeze" statemen…
California is a strict liability state when it comes to utility line fires: even if the utility isn't negligent, the utility must pay damages.
> They wound-up liable because they gutted their tree-trimming operations and paid the difference in dividends.
This is open to debate; it might be good evidence of negligence. But evidence of negligence doesn't matter.