Thursday, October 31, 2019

California has much, much bigger problems than wildfires – Days of Sunshine

California has much, much bigger problems than wildfires – Days of Sunshine
"...Your whole system of providing essential government services is screwed beyond repair.
The cumulative financial cost of bringing these systems back to normal pretty much ensures the government is going to watch its tax base walk out the door. 
Image result for generators in california...If you want to see governments that are further along on this trajectory, look at Puerto Rico and Chicago.
...It looks like PG&E shareholders will likely be completely wiped out.
It is unlikely that any new controlling party will bring the utility back from the dead.
So Californians should not discount the possibility that being without power is their new normal.
No one seems to know how the utility is going to survive at this point, and that’s a big problem for the millions of people they support.
The incredible irony in all of this is that the green state of California has been keeping the lights on during this period with privately procured generators running on… wait for it… fossil fuels..."
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