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PG&E (California's electric utility) books over $2 billion a year in profit - the equivalent of a $110 charge per month on every California household's bill at their 12.5% profit margin. Despite that, they claim insolvency and fight payouts to fire-injured taxpayers

They claim insolvency? What are you talking about? They went through bankruptcy in 2019-2020. 4 years ago.

I pay $100 per month, this calculation can't be right.

Businesses and farms use WAY more power than the average home.

This probably includes states with abundant hydro power. That's a much cheaper reliable source of renewable energy.

I wonder how much of the costs are due to "negawatts", investment in energy efficiency. Do that enough and you layer large capital costs on the system that the utility can charge for.