[olliej]

In CA? That’s the taxpayers - PG&E spent a few decades making a “profit” by under maintaining the grid, and distributing those profits to investors through dividends.

Then when the failure to maintain the grid killed numerous people and billions in damages they increased prices, increased “fees” (somehow separate from prices), and threatened bankruptcy unless CA gave them enough money to keep going. Then increased fees again.

This new fee for people with solar is because their poorly managed and under maintained grid might fall over if people add power to the grid, and more importantly they lose the ability to price gouge people who have a solar alternative.

Why CA didn’t simply seize their assets as compensation for the damage they’ve caused and instead have them a “loan” that the victims end up paying for is beyond me.