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August 03, 2023



At least some of the "journalists" at the Comicle read the WSJ. They managed to skirt full-on plagiarism by slightly rewriting yesterday's WSJ piece for today's Comicle piece:


It's the 7th grade version of the Journal piece.


No foul language, hollyroller. Your comment has been removed.

hollyroller@ gmail.com

I guess you Win and we lose.
Any comments Hillsider?


From the Merc:

OAKLAND — PG&E bills may hop higher if the utility lands state approval for a rate proposal that includes wide-ranging plans to bury power lines to help ward off catastrophic wildfires.

A hearing officer with the state Public Utilities Commission is expected to issue a proposed decision in the coming days on PG&E’s general rate request that could trigger an array of impacts on monthly customer bills. Among the proposals is a plan that could oblige its customers to foot the bill to bury PG&E power lines.

Rather than bury the lines to mitigate fire risk, TURN is urging the Oakland-based utility to insulate its lines. Insulation of overhead lines would cost bout $800,000 a mile, Toney estimated. The cost to bury 10,000 miles of power lines would be several times as much, he added.

According to the utility, the cost to bury power lines was $3.3 million per mile in 2022 and is expected to gradually decrease to roughly $2.8 million a mile in 2026.

But PG&E executives believe placing power lines underground is the best long-term approach, according to company spokesperson Jennifer Robison.

“Undergrounding electric distribution lines in high fire risk areas is the most effective long-term solution for keeping customers and communities safe,” Robison said in a statement. “Undergrounding eliminates nearly all wildfire ignition risk from those lines and helps to reduce long-term costs.”

To the south, Southern California Edison, the principal electricity provider in sprawling Los Angeles County and nearby regions, is taking the less-expensive approach, embarking on a quest to insulate 8,000 miles of overhead power lines.


More from the Merc:

OAKLAND — PG&E customers are facing a fresh round of monthly bill increases — yet again.

The utility, which serves about 16 million people in Northern and Central California, has sketched out a proposal to collect an eyebrow-raising $1.46 billion to help stabilize its finances and cover recent spending on preventing wildfires — and it wants some of the money by spring.

By Jan. 1, 2024, PG&E bills could be roughly 13.6% higher than they were at the start of 2023. The Bay Area inflation rate rose 2.8% over the one-year period that ended in October. Put another way, PG&E bills are rising four times faster than the region’s overall inflation rate.

During a Nov. 28 business update, PG&E predicted that 2024 would produce profits of $1.31 to $1.35 a share, a jump of 10% from the anticipated earnings per share for all of 2023, which itself is expected to be 10% higher than 2022.

Still, PG&E wants approval for the higher bills to cover recent expenditures in 2022 and 2023 linked to wildfire mitigation, vegetation management and catastrophic winter storms.

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