Posts Tagged: utility
A PG&E worker checks power lines during a San Jose grass fire in July. (Photo: Geartooth Productions, via Shutterstock)
Things are not going well for PG&E. Amid massive blackouts that PG&E has put in place to avoid liability in the event of a wildfire, millions of Californians were left without power — for days at a time in some cases. San Jose Mayor Sam Liccardo has called for a public takeover of PG&E — a move backed by at least two dozen cities — that would reclassify the company as a nonprofit electric and gas cooperative instead of an investor-owned company.
A utility worker handles repairs on a power pole. (Photo: Richard Thornton, via Shutterstock)
PG&E’s reputation has been so battered over its wildfire liabilities and other problems that some think it should change its name. A group of bondholders trying to take over the utility company has proposed that they re-brand it to Golden State Power Light & Gas Co. They made the proposal during proceedings in PG&E’s bankruptcy court case earlier this year.
Board of Equalization headquarters in Sacramento. (Photo: BOE)
Ask the average Californian what the state Board of Equalization (BOE) does and you’re likely to get a blank look. That may not matter anymore. Much of what the 138-year-old agency does — which includes collecting some $60 billion in taxes — will be taken away from it amid a spate of recent reports about potential corruption and possible criminality.
Boats cluster together at drought-ravaged Shasta Lake. (Photo: David Greitzer).
People across California pay dramatically different amounts for the same amount of water, with price tags set by individual agencies from Crescent City to El Centro. North or south, inland or coastal, what Californians pay for their water is locally driven. Ultimately, retail water’s value is determined in a way similar to real estate – location, location, location.
Comcast company trucks await assignments. (Photo: Associated Press, Gene Puskar)
A national merger between communications giants Comcast Corp. and Time Warner Cable could lead to an unprecedented consolidation of California cable and broadband markets. The pending $45 billion merger would grant Comcast — already the state’s No. 1 cable provider — a greater share of the California market, stretching from northern California and San Francisco Bay area and Sacramento region, down the Central Valley through the Los Angeles basin, east to the Nevada and Arizona lines and southeast to the Mexico border.