At some point companies need to take responsibility and be held accountable for their (in)actions. I know this is an unpopular opinion for HN, given its venture funding roots, but companies shouldn’t be given a free pass every time they screw up due to placing greed above all else.
My point here is not to argue that with less regulation, PG&E would do better job when it comes to maintenance — I don’t know if it would. However, considering how deeply regulated it actually is, and how much the regulator controls everything it does, some blame must also be placed on the regulator’s side.
...and did they ask? It's their job to ask. You can't blame the oversight organization's interference if it didn't interfere.
Yeah, their series of felony convictions for violating the law regarding maintenance, and obstructing investigations into those failures, tells a very different story.
From the linked CPUC Decision Making in the above comment, there are multiple examples where PG&E have advocated for increased spending for safety purposes, but organisations such as the Division of Ratepayer Advocates and The Utility Reform Network were pushing back. Ultimately, however, it is the CPUC that weighs the arguments of the different parties and determines allowable spending.
As clarification, your statement makes it sound like CPUC makes unilateral decisions about what PG&E can or cannot do when, in fact, CPUC makes those decisions based on requests made by PG&E. While CPUC does have a certain level of decision making power, a lot of their decisions are made based on what PG&E says is the right/necessary thing to do.
Who makes decisions at the CPUC? It's a self-fulfilling prophecy. This is circular logic.
PG&E would love to spend more money on maintenance. It doesn't cut into their profits, because their expenses and profits are set by state government commission anyway. Of course, the government commission has some incentive to keep the rate low, to make citizens happy, which makes it limit how much money PG&E can make and spend.
The above is not meant to imply that if PG&E worked like any normal company, they'd maintain their shit better -- I have no idea if they would. However, in the current regime, where CPUC exercises so much control over what PG&E does and how much money it makes and spends, the blame cannot be solely placed on PG&E side.