22-02-2020 15:45 via ocregister.com

Seven reasons to question a state utility takeover

On Feb. 3, state Sen. Scott Wiener, D-San Francisco, introduced a bill that would transfer to California taxpayers responsibility for the state’s largest and most troubled utility, Pacific Gas & Electric.
The bill would give a new government agency, the California Consumer Energy and Conservation Financing Authority, the power to buy the assets and pay off the debts — including billions of dollars in wildfire compensation — of a utility now formulating an operating plan com
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