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Proposed public takeover of PG&E

Posted on 12/5/19 at 6:22 pm
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 12/5/19 at 6:22 pm
LINK

quote:

The legion of elected officials supporting a plan to turn beleaguered PG&E into a customer-owned cooperative has grown five-fold with representatives from 58 cities and 10 counties now pledging support, San Jose Mayor Sam Liccardo announced Thursday.


PG&E is in the predicament it’s in for bending knee to brain-dead politicians. So now the politicians want to take complete control of the pile of shite and light it into a complete dumpster fire. I’m investing in a generator.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35558 posts
Posted on 12/5/19 at 6:23 pm to
Dear facebook
Posted by wickowick
Head of Island
Member since Dec 2006
45822 posts
Posted on 12/5/19 at 6:26 pm to
This is how Venezuela started its downward spiral, pack your shite and move east
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
19569 posts
Posted on 12/5/19 at 6:26 pm to

Unreliable money hole incoming.
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 12/5/19 at 6:51 pm to
I suspect PG&E will be happy to go co-op and get out of the financial mess they are in.

It is a stupid idea but PG&E would just as soon give it to the people than to let the politicians continue to push them to ruin.

Bet you rates go up, salaries go up and political patronage goes up.
Posted by facher08
Baton Rouge
Member since Aug 2011
4403 posts
Posted on 12/5/19 at 6:58 pm to
quote:

So now the politicians want to take complete control of the pile of shite and light it into a complete dumpster fire


Posted by graychef
Member since Jun 2008
28353 posts
Posted on 12/5/19 at 7:01 pm to
(no message)
This post was edited on 3/6/21 at 5:54 pm
Posted by USMEagles
Member since Jan 2018
11811 posts
Posted on 12/5/19 at 7:19 pm to
There is absolutely no right answer to any of that state's problems anymore.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71431 posts
Posted on 12/6/19 at 7:00 am to
We have a,lot of co-ops in Mississippi. They work great. Just means the customers are the owners and everyone gets a small dividend check each year.

The worst electric company around here is Mississippi Power.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37162 posts
Posted on 12/6/19 at 9:31 am to
When I think of public takeover, I think government takeover.

Turning it into a co-op should be considered.

A lot of people love credit unions compared to big private banks. Co-ops are basically the utility equivalent of a credit union.

The concept of a private company having a government-provided monopoly has never set will with me. And lines and poles utilities probably can't move to a multi-provider model. (unlike electric generation and providing juice to the poles).
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74306 posts
Posted on 12/6/19 at 9:41 am to
Lol NorCal is a shitehole
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