Posted inEconomy & Business, Public Safety, Utilities

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

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.

Posted inClimate Change, Environment, Government & Politics

With California Carbon Cap-and-Trade Program Launch, Experts Debate Economic Side Effects

At 10 a.m. Wednesday, California’s potentially revolutionary carbon cap-and-trade program launched in a humdrum fashion. Numbers began appearing on a secure Web site accessible to the biggest oil exploration companies, manufacturers, utilities, state regulators and independent monitors. No one outside of this select group got to see its inner workings. But the event marked a new phase in the state’s pioneering effort to halt climate change: actual dollars traded for permits to emit carbon dioxide.

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