San Diego ponders a bid to take over its for-profit energy utility
San Diego ponders a bid to take over its for-profit energy utility
Frustration with high rates and poor service is sparking campaigns to take over investor-owned utilities and make them nonprofit entities.
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So, first start passing laws that restrict the profitability of the utility. Then, the market price of the utility decreases and you can do a public buyout more easily.
Unfortunately cpuc has done nothing but allow rate increases, last I checked sdge has the most expensive rates in the continental us. Considering that with how shit the service has been I’d bet they are using that cash to pay regulators. I don’t expect this to go far but I hope it does because fuck sdge and cpuc
Price caps? Are you insane, man?! That would give America the socialisms!