Yes, the system of electric generation failed in California. And what is that system? It is for-profit, private sector corporate profits owned by investors who, instead of investing in fortifying (and burying) transmission lines, gave bonuses to corporate officers and outrageous investment dividends to investors.*
Clearly this system has failed.
So I am sure Ramirez will join with me in calling for the State of California to take over all for-profit, investor-owned private sector corporations and making the necessary investments in PEOPLE, NOT PROFITS.
Since Pacific Gas and Electric (PG&E), the worst offender, is now in bankruptcy and, as a corporation, has been convicted of criminal negligence, it is time to impose the CORPORATE DEATH PENALTY and have the state take over.
*One notable exception: San Diego Gas & Electric (SDG&E), which has plenty of its own issues, began fortifying and burying transmission lines ten years ago (60% now underground), and unlike PG&E established a microgrid system that allows microtargeting of distribution, sot aht in the event any shutoff is necessary, it can be narrowly and precisely target, on a block-by-block or neighborhood-by-neighborhood basis, instead of widespread general areas like PG&E. Further, SDG&E installed a system of cameras to monitor exposure and allow rapid response in the event of any anomaly. Also unlike PG&E, SDG&E is not in bankruptcy, not convicted of crimes and we have had no major wildfires since 2007.
Yes, the system of electric generation failed in California. And what is that system? It is for-profit, private sector corporate profits owned by investors who, instead of investing in fortifying (and burying) transmission lines, gave bonuses to corporate officers and outrageous investment dividends to investors.*
Clearly this system has failed.
So I am sure Ramirez will join with me in calling for the State of California to take over all for-profit, investor-owned private sector corporations and making the necessary investments in PEOPLE, NOT PROFITS.
Since Pacific Gas and Electric (PG&E), the worst offender, is now in bankruptcy and, as a corporation, has been convicted of criminal negligence, it is time to impose the CORPORATE DEATH PENALTY and have the state take over.
*One notable exception: San Diego Gas & Electric (SDG&E), which has plenty of its own issues, began fortifying and burying transmission lines ten years ago (60% now underground), and unlike PG&E established a microgrid system that allows microtargeting of distribution, sot aht in the event any shutoff is necessary, it can be narrowly and precisely target, on a block-by-block or neighborhood-by-neighborhood basis, instead of widespread general areas like PG&E. Further, SDG&E installed a system of cameras to monitor exposure and allow rapid response in the event of any anomaly. Also unlike PG&E, SDG&E is not in bankruptcy, not convicted of crimes and we have had no major wildfires since 2007.