Public Press wins an Excellence in Journalism award for ‘Public Schools, Private Money,’ in the winter 2014 edition

 

Institute for Economic and Tax Policy

How the Profits Upkeep Commission Helps PG&E Pick Your Pocket

David Cay Johnston, Special to SF Public Press — Nov 26 2012 - 12:34pm

The next time you pass a power pole consider this: Pacific Gas & Electric expects that pole to be there until the year 2357 and perhaps until 2785. The average PG&E pole has just nine years of useful life left, according to PG&E’s sworn testimony asking for more money to speed pole replacement. It got money through rate hikes to replace poles on a 50-year cycle, but it has been replacing them on a 346 to 778 year cycle while, by PG&E’s own testimony, diverting that money to other purposes.

Syndicate content