So they regulate the company into bankruptcy and the answer to lack of infrastructure from them ordering them to make green energy is socialism? That will work I'm sure.... CA lawmakers will make all the correct decisions once they finally own the means of production. I'm so sure of it.

I pray for my CA brethren. Get out before the build a wall to keep you in.

And my wife asks EVERY TIME she visits a friend in CA if I wanna go.
No thanks hon, enjoy your trip behind the commie iron curtain.

quote:

Originally posted by RHINOWSO:

quote:

Originally posted by chellim1:
“It’s time for the state to take ownership of PG&E, and make sure that they are doing what they need to do to keep the power on and keep people safe,” he added.

https://www.cnbc.com/2019/10/2...as-and-electric.html

God I hope they do that - it would be wonderful to see the whole grid crash and burn, OR rates & taxes go up astronomically to upkeep the PG&E grid.

It would be glorious to see the disaster that it would be.

A BIG +1 to that

quote:

Originally posted by 220-9er:
Turn over the power grid to the politicians and their cronies.
They did such an outstanding job on the high speed rail project.

For all intents and purposes, they basically did.

"Gov. Gavin Newsom is trying to deflect political blame. “It’s about dog-eat-dog capitalism meeting climate change. It’s about corporate greed meeting climate change. It’s about decades of mismanagement,” Mr. Newsom declared. But Democrats for years have treated PG&E as their de facto political subsidiary. The wildfires and blackouts are the direct result of their mismanagement."

"The state Public Utilities Commission is in charge of enforcing state safety laws and regulations, which can carry penalties of up to $50,000 per violation per day. Yet PG&E received no safety fines related to its power-grid management over the last several years. The commission has instead focused on enforcing the Legislature’s climate mandates."

"State law mandates that utilities obtain 33% of electric generation from renewables such as wind and solar by 2020 and 60% by 2030. Utilities must spend hundreds of millions of dollars each year to reduce the cost of green energy for low-income households. PG&E has prioritized political obeisance over safety."

"In 2018 PG&E spent $509 million on electric discounts for low-income customers in addition to $125 million for no-cost weatherization and efficiency upgrades for disadvantaged communities. Utilities also receive allowances from the state’s cap-and-trade program—$7.5 billion since 2012—to pay for other “ratepayer benefits” that reduce emissions."

"For instance, the Legislature in 2015 mandated that utilities spend $100 million annually on solar systems in low-income communities. This is on top of the $2.2 billion in customer rebates for rooftop solar installations, which utilities charged to ratepayers between 2007 and 2016. Under the state’s net-metering program, solar customers also get a break on their bills...."

...and more.

https://www.wsj.com/articles/f...rticle_copyURL_share

Don't listen to the folks screaming that it is ALL PG&E's fault. Leftist politicians, as usual, ruined another component of CA life. Everything they touch turns to shit.

And folks keep voting for these criminals.

still looking for the $5 billion in refund payments for that high-speed rail to nowhere project

if they want some federal funding for their current self-inflicted problem, they should start taking it out of the $5 billion they are obligated to pay back to the feds first

Is California's Second Biggest Utility On Verge Of Collapse Next?
Edison Plummets After Saying It May Be Responsible For Deadly 2018 Fire

With California's largest utility, PG&E, now bankrupt after starting the deadliest fire in California history, and cutting power to its customers at the mere hint of a windstorm that could leave it exposed to more multi-billion lawsuits, leaving millions in the dark, California's second largest utility, Edison, may soon be insolvent too.

The stock of Edison International, which is California's second biggest electricity provider through its Southern California Edison subsidiary, which distributes electricity to 5.1 million customers in central, coastal, and southern California, collapsed after the close when the company reported in its earnings call that California investigators concluded equipment owned by Edison International’s utility caused one of the most destructive fires in state history, which killed three people and burned down entire sections of Malibu.

California county fire officials said that the Woolsey Fire, which raged for weeks in Los Angeles and Ventura counties in November 2018, was sparked by the utility’s electrical equipment, Edison CEO Pedro Pizarro said in a call with investors on Tuesday.

EIX shares plunged as much as 19% to $52.75 in after-hours trading before modestly recovering some losses to trade at $62.95. Edison investors had expected the company would be blamed for the fire.

The finding comes as California grapples with a wildfire crisis that’s pushed the state’s largest utility, PG&E Corp., into bankruptcy.

While the company said earlier this year that it believed equipment owned by its Southern California Edison utility may be cited as the cause, and it took a $4.7 billion charge in connection to wildfires in 2017 and 2018, the question now is whether that charge will be sufficient, and whether the company may in fact follow PG&E into the abyss of insolvency as it scramble to file for protection from mounting lawsuits.

As Bloomberg notes, California Governor Gavin Newsom prodded lawmakers to pass legislation over the summer designed to prevent another utility from spiraling into Chapter 11 by setting up a $21 billion utility fire insurance fund for future claims.
Edison had warned that it faced downgrades into junk status without the fund.

The Woolsey Fire broke out Nov. 8 and ripped through nearly 100,000 acres, forcing Malibu to be evacuated before being contained. It destroyed about 1,600 structures and was the seventh-most destructive wildfire in state history, according to Cal Fire.

Edison, based in the Los Angeles suburb of Rosemead, had reported a power failure on its system near the fire’s origin, where it found a loose wire had come in contact with one of its power lines.

Earlier this year, investigators said Edison’s equipment started the 2017 Thomas Fire, the 10th most destructive in state history. Edison has contested part of that finding. The California attorney general is probing Edison’s role in both blazes.

https://www.zerohedge.com/mark...-after-saying-it-may

^^^^^^^^^^^^

The common denominator with PG&E, Edison, San Diego Gas & Electric, etc is Democrat meddling.

NorCal is not the only CA region on fire.

quote:

Originally posted by oddball:
Don't listen to the folks screaming that it is ALL PG&E's fault. Leftist politicians, as usual, ruined another component of CA life. Everything they touch turns to shit.

And folks keep voting for these criminals.

I've said it before and I'll say it again, every problem plaguing society today is directly attributable to government meddling and failure. California is just a very obvious example of that reality.

Aw fuck!
All this doom and gloom means more moving to Idaho

quote:

Originally posted by bigdeal:

quote:

Originally posted by oddball:
Don't listen to the folks screaming that it is ALL PG&E's fault. Leftist politicians, as usual, ruined another component of CA life. Everything they touch turns to shit.

And folks keep voting for these criminals.

I've said it before and I'll say it again, every problem plaguing society today is directly attributable to government meddling and failure. California is just a very obvious example of that reality.

But they get to feel good for voting in people that say they help homeless, environment, and conservation.

Too bad they have homeless shooting up on BART and shitting in the streets, smog, and droughts due to not disturbing nature to build reservoirs.

It will implode at some point.

quote:

Originally posted by Skins2881:


Too bad they have homeless shooting up on BART and shitting in the streets, ........

Speaking of the Homeless in California, what is the solution for the homeless? We keep giving (mostly via taxes and by tolerating a decrease in our own quality of life), but they keep wanting and taking more and more. All I ever hear is about what they need, and how we need to help more.

what's the solution?

quote:

Originally posted by Skins2881:


It will implode at some point.

I think its doing that right now. How long will a modern city last without electricity? Worse, will we all be asked/demanded to pay for their folly?

I've long been upset about us being asked to pay for gulf insurance to pay off the idiots who build homes along the ocean. Now we'll be forced to help pay for the electric utilities in Kali. Which entails fair pricing for their poor, or illegal folks.

quote:

Originally posted by sigmoid:
Aw fuck!
All this doom and gloom means more moving to Idaho

I think Texas is closer (and warmer)--a lot of them come here.

flashguy

quote:

Originally posted by flashguy:

quote:

Originally posted by sigmoid:
Aw fuck!
All this doom and gloom means more moving to Idaho

I think Texas is closer (and warmer)--a lot of them come here.

flashguy

It’s warm, sunny, and beautiful here, and on the drive to Texas. We also have the vortex and energy from the Sedona area. It’s becoming a socialist/communist sanctuary. Thank God we still have a few redneck towns here. Keeps the ones we don’t want up in the Sedona area.

quote:

Originally posted by DrDan:
Can I call dibs on a winery, or two?

I want Stinson Beach!

I see an awful lot of CA license plates here in Tucson and its sad. I know that the people that should be leaving can't and that the people that should stay and live with their crap are the ones moving out and starting the same old shit elsewhere.

NO argument at all with that article. Nailed it.

PG&E has been hemmed-in with numerous liability restrictions passed by the state legislature, that by turning-off power, when the winds blow through, they've absolved themselves of any legal blame. Leave the lines-energized, equipment fails resulting in a disaster; instead, de-energize the lines ergo, no disaster is possible.

They're own mis-prioritization, coupled with the cozy relationship with the CA Public Utilities Commission (all seats Governor appointed), they've skirted state issued penalties and oversight. Liability and punitive judgements have all been brought by private citizens and not by the state.

A little ditty from long ago regarding government & control:

If it makes a profit -- tax it

If it is still making money -- regulate it

If it stops making money -- subsidize it

LOL, Cal. is literally setting itself on fire, and fueling the crap out of it with their CC policies. Enjoy!

quote:

Originally posted by sigmoid:
Aw fuck!
All this doom and gloom means more moving to Idaho

Born and raised in Lewiston. Family still there. I keep hearing about all the kalifornistan refugees moving to Idaho where a number of them have commenced their kalifornistan bull shit already.

Why not? Huge sections of Idaho's forests have not been burned yet.

Those assholes screw up everything they even think about, let alone touch.