alt Hacker NewsPG&E is in no way a victim here. Their CEO is being paid $50M a year, and our rates got increased 6 times last year. Nevada the next state over, the prices are 20% of California's.
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Ajedi32 • yesterday at 7:53 PM
Victim, no. Being over regulated doesn't necessarily hurt a company if all their competitors are subject to the same regulations. It's consumers who pay the price. 5x the price, apparently, if Nevada is any indication.
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$50M is obscene, but not really a needle mover for rate payers. You could pay the whole executive team $0 and it would save the average residential ratepayer a few bucks per month, probably less than $5 per month.