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PG&E Bankruptcy and Wildfire Liability: Time to End Government-Sanctioned Monopolies?
by Countable
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  • Ray
    Voted Maybe

    We can’t regulate everything a utility does and then ask them to act as private entities when it comes to risk. There is a cost to negligence but normal risk associated with issues outside of entity’s control like drought or climate change should not cause the entity to go bankrupt. If utilities were allowed to pass on their cost of doing business we would have expected to have their costs spread among their products by clients. If drought hits say onion harvest, all of us would have to pay more for onion. I see the same situation here with a difference that our society and economy is dependent on electricity and what happens there should cause us all concerns. Who pays, if there is a rupture in the city’s main water line. All of us pay.

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