California Gov. Gavin Newsom railed against the state’s public utility company for blacking out large portions of the state, but some experts say regulators are partially to blame.
Democrat Gov. Gavin Newsom says he is considering taking over the utility company if it cannot get its finances together. But utility companies are already some of the most heavily regulated industries in the country.
Here’s How State Regulators Played A Role In California’s Rolling Blackouts, Wildfires https://t.co/cRlk25zubw
— Daily Caller (@DailyCaller) November 3, 2019
Between the regulators, politicians, and environmentalists, the electric companies were doomed no matter what they did. I’m sure a full state takeover of the electric companies in California will work out about as well as it worked in Venezuela.
California Gov. Gavin Newsom and other critics are blasting the public utility company responsible for rolling blackouts, but some experts argue regulators’ obsession with climate change is partially to blame.
Newsom suggested Friday taking over Pacific Gas & Electric, a public utility company that shut off electricity recently to nearly 1 million customers to prevent potential wildfires. The California Democrat argued that PG&E’s greed and corruption are leading to the massive blackouts.
“It’s about dog-eat-dog capitalism meeting climate change. It’s about corporate greed meeting climate change. It’s about decades of mismanagement,” Newsom told reporters on Oct. 25. He has not let up, telling reporters Friday that the financially strapped utility might be centralized if it can’t right its ship.
The blackouts were intended to forestall wildfires, which have stymied the state for two years. This has led to a spotty success rate. PG&E told state regulators in an October filing that one of the utility’s snapped wires was found on a transmission tower near where the Kincade Fire began.
That fire, which began on Oct. 23 and is currently 70% contained, charred 77,758 acres in Northern California. Other fires are also wreaking havoc. The Easy Fire and Maria Fire in Southern California, for instance, are charring 1,860 acres and 9,412 acres, respectively. More
Welcome to dystopian California, you can only imagine, as badly as the over-regulated and misregulated PG&E performs, what would happen If the California State government takes over. Newsom and his ilk created this mess and they will only make it much worse.
This moron is using “climate change” as an excuse for his gross ineptitude. Aging, poorly maintained equipment and bad management caused the California fires.
— crystalm (@crystal22446063) November 3, 2019
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