Quote:
Originally Posted by Flat Six
Power utilities like big-ticket capital projects like new/upgraded generating stations (whether coal, gas, solar, wind, hydro, etc.) and transmission/distribution infrastructure; because of the guaranteed profit percentage the larger and more predictable cost base means bigger $$$.
Every U.S. power utility I know of works this way.
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The CPUC only governs investor owned utilities...there are a bunch in California who do not fall under their commission.
SMUD, Roseville Electric, SVCE, Modesto, and Redding to name a few.