PG&E is a for-profit company where the state determines the maximum they can charge for utilities.
They make their money by building and owning infrastructure (or some other fuckery I forget the specifics)
They make their money by building and owning infrastructure (or some other fuckery I forget the specifics)
The owners make their money by dividends and stock buybacks between bankruptcies.
The company, well, two bankruptcies in less than 20 years—making money isn’t what it does, at least this millenium.