Other people are saying it's a heavily regulated utility. The state of California is saying how much it can make and what it can do with the money it makes. They point to how much it's invested in solar power. They'd also claim the state didn't mandate work on power infrastructure maintenance - indeed it made it harder to cut back trees. It made it harder for residence to clear trees but still allowed them to build amidst a large amount of fuel. That the state basically used PG&E as a cut out for it's own ends - i.e. we're not raising taxes we're just allowing PG&E to raise rates and then mandating what PG&E has to build out.
One of those two stories has to be wrong, correct?