PG&E asks to raise rates for California customers so it can pay investors more

I PAY $700 A MONTH TO PG&E JUST LIVING IN AN OLD HOUSE, NOT DOING ANY KIND OF ENERGY INTENSIVE ACTIVITIES.

YOU GET ENOUGH MONEY PG&E. FUCK ALL THE WAY OFF.

Why has PG&E not been taken into receivership by the state of California? They can’t do their job, they won’t repair their infrastructure, and they are focused purely on profit, and obviously don’t care much about (1) providing electricity (2) in an ecologically sound and (3) efficient manner. Their organization leaders are clearly not fit for purpose.

But nothing will happen because Newsom is probably friends with most of their board.

They had 6 rate increases last year. They had reported 2.1b in profits only to want to raise again to compensate investors because they are 1% from other similar companies dividends....I'm sick of this.
- because they are 1% from other similar companies dividends…
  It's fucking absurd that any utilities are shareholder corporations to begin with!

Government sanctioned monopoly that is bleeding it's customer base dry. Idiots.

Companies need to stop going for unlimited growth and start aiming for profitable stability instead. This "line must go up" mentality at every company is a fucking poison.

Newsome is going to get replaced by the first person that promises to reign in PG&E.

Edit: spelling

Companies literally cannot not go for infinite growth unless they are privately owned with no investors whatsoever (including bank loans to start the business)
And utilities shouldn't be companies, private or otherwise. No natural monopoly should have any capitalist entities involved with it, it should all be managed by the state (or in an anarchist utopia, a volunteer committee appointed by the people to complete the specific task of maintenance and expansion).
- None of this would be a problem if people had other options. Unfortunately unless you decide to go off grid entirely your only choice in pretty much the entirety of California is PG&E.
  It's the same problem with Internet providers in so many areas. They only allow one provider in an area and that provider has no incentive to make a good product or a decent deal because it's not like they can lose your business to someone else and having Internet is basically a requirement in today's society.
  I love California for its natural beauty and varied landscapes but the management here is really fucking shit up for everyone.
- Companies literally cannot not go for infinite growth unless they are privately owned with no investors whatsoever (including bank loans to start the business)
  I know that's commonly claimed, but it is a lie and a misrepresentation of Dodge v. Ford Motor co. Don't fall for it.

OH FUCK OFF. AGAIN!?

Thank goodness we need to raise prices at least 7 more times so that each watt is the price of a loaf of bread.