California utility PG&E explores bankruptcy filing

Politicians and corporate leaders told us democracy is not worth it’s salt, and we believed them.

Private only really helps if there is competition...

Are there competitors who could buy up this California infrastructure when PG&E dies?

The theory goes, the private sector is more efficient at running an enterprise. In terms of extracting value I suppose that theory is correct.

Meanwhile, a week before the fires up North, a crew of LADWP workers swept my neighborhood replacing transformers, cables, insulators and mounting bars on every pole for blocks around me. The kind of maintenance that PG&E should have done over a decade ago. I don't know what the rates are on PG&E, but I do know LADWP charges a little more than half the price for electricity as SoCal Edison does in the areas it serves.

LADWP is owned by the City of Los Angeles.