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everyone's ideas for california fire policy are some version of "incur large upfront costs for uncertain future benefits," which, yes, can make sense, but it's not political perfidy that explains why they don't happen
undergrounding transmission lines is the classic example of this. utilities have to ask permission from public utility commissions to do this because they raise rates to profit from investments. california's commission scaled back pg&e's undergrounding program due to costs
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David Watson 🥑
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Now you might say, how on earth could california regulators five years after the camp fire not let pg&e underground every miles of transmission lines they could? well, electricity prices had gone up about 50% from 2018 to 2023 wsj.com/us-news/climat wsj.com/us-news/climat
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something very similar happened in New Orleans (which City Council regulates an odd city wide grid system run by Entergy). For years, politicians had complained at Entergy post-hurricanes about the time it took to restore power and demanded “grid hardening” plans. When Entergy
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Real estate is almost like a game where the best strategy wins. The market favors those who see the hidden potential, bypass unnecessary expenses, and strategically invest in what creates value. Use these 3 secrets to maximize your real estate investments. What has gotten you
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How expensive would it be though? A block or so of lines down the street from me in the suburbs of Atlanta were undergrounded a year or so ago for $440,000. I can’t imagine the cost on a wide scale.