Re:Five Oregon counties vote to leave state, create 'Greater...
by causality0 on Thursday May 20, 2021 @07:56PM
(#27228948)
It's not a question of insufficient funds. They spent five billion dollars on shareholder dividends while corporate documents show they were completely aware the equipment was breaking down and posed a wildfire risk, and they broke multiple state regulations to do so.
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Re:Five Oregon counties vote to leave state, create 'Greater...
by d110af5ccf on Thursday May 20, 2021 @09:18PM
(#27229475)
Some background to add to the above: https://twitter.com/tubetimeus/status/1306366930899460097 and https://www.buttecounty.net/Portals/30/CFReport/PGE-THE-CAMP...
Re:Five Oregon counties vote to leave state, create 'Greater...
by zbrozek on Thursday May 20, 2021 @10:07PM
(#27229751)
The Camp fire report was riveting after-work reading. The financial engineering to avoid opex and instead magnify capex as a way to bilk the ratepayer is ingenious and evil. Further, their operating procedures and culture seem carefully engineered as a liability dodge. Read the report, it's amazing.