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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
35359 posts
Posted on 12/5/19 at 6:23 pm to
Dear facebook
Posted by wickowick
Head of Island
Member since Dec 2006
45815 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
19539 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 SeeeeK
some where
Member since Sep 2012
28079 posts
Posted on 12/5/19 at 6:52 pm to
quote:

This is how Venezuela started its downward spiral, pack your shite and move east


The problem is, these morons voted these cali politicians into office, they will move and vote in even bigger morons in the city that gets stuck with them.

They don't learn.
Posted by facher08
Baton Rouge
Member since Aug 2011
4353 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
28342 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 baldona
Florida
Member since Feb 2016
20483 posts
Posted on 12/5/19 at 7:39 pm to
quote:

Public utilities are managed better than IOU’s. By every metric out there. This is a good thing for those cities.


What happens when the public utility causes a fire that causes billions of dollars of damage? Honestly asking?
Posted by SM6
Georgia
Member since Jul 2008
8799 posts
Posted on 12/5/19 at 7:41 pm to
Illinois is dealing with all kinds of issues with ComEd, the private utility. Corruption, failure keep up the grid, closing a nuclear plant. I agree, Coop agreements are a great option.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71186 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 graychef
Member since Jun 2008
28342 posts
Posted on 12/6/19 at 8:43 am to
(no message)
This post was edited on 3/6/21 at 5:54 pm
Posted by Draconian Sanctions
Markey's bar
Member since Oct 2008
84877 posts
Posted on 12/6/19 at 8:45 am to
quote:

This is how Venezuela started its downward spiral, pack your shite and move east


5th largest economy in the world is going to turn into Venezuela. Never change TD.
Posted by rallyTiger
Member since Apr 2016
867 posts
Posted on 12/6/19 at 8:50 am to
quote:

5th largest economy in the world is going to turn into Venezuela. Never change TD.
if they keep up with the commie bullshite you can bet your arse they can
Posted by Draconian Sanctions
Markey's bar
Member since Oct 2008
84877 posts
Posted on 12/6/19 at 9:16 am to
quote:

if they keep up with the commie bullshite you can bet your arse they can


It’s a fricking utility

The hyperbole on here never ceases to amaze
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
51304 posts
Posted on 12/6/19 at 9:19 am to
quote:

This is how Venezuela started its downward spiral, pack your shite and move east


About 50% of the population in the US is supplied by an electric cooperative.

Stop with the hyperbole.
This post was edited on 12/6/19 at 9:21 am
Posted by GoIrish02
Member since Mar 2012
1390 posts
Posted on 12/6/19 at 9:27 am to
If the politicians will start letting the utility cut the trees touching the lines that start the fires, then it could work. But if California insists on keeping the (pseudo) environmental laws that preclude utilities from managing vegetation, nothing will change.

If the state let PG&E manage the trees in the first place, California wouldn’t be in this situation.
This post was edited on 12/6/19 at 9:28 am
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37116 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 SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 12/6/19 at 9:40 am to
The environmental policies that these same politicians put in place is what has PG&E the dumpster fire it is. Giving even more control to call the shots is the equivalent of adding gasoline to said dumpster fire.
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