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Pacific Gas & Electric Co.

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

David Cay Johnston, Special to SF Public Press — Nov 26 2012 - 1:34pm

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.

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