Absolutely bizarre utility companies are for profit with shareholders.
this post was submitted on 15 Aug 2023
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We have been shown over and over that investors will take profits during good times, build no resilience to handle disasters, invest the bare minimum back into infrastructure and jobs, drain the companies until bankruptcy arrives and taxpayers are left with the bill.
This could work with proper regulation. But regulation can be corrupted. Money corrupts. This industry involves lots of money. And so here we are.
When Jeremy Corbyn proposed to buy back utility companies here shortly before the energy crisis, people looked at him like a lunatic.
Really sounds like a capitalistic society.
Because communist societies did better?
Maybe it's time to admit that the biggest flaw in our systems is human nature.
Right? It’s not like consumers have an alternative to whoever their provider is.
No, it's just the corporate feudalism we live under. I guess that's pretty bizarre itself, though.
We live distinctly under capitalism. No need for any other names that obscure that relation.
The suit alleges that Hawaiian Electric Industries “chose not to deenergize their power lines during the High Wind Watch and Red Flag Warning conditions for Maui before the Lahaina Fire started,” despite knowing the risks of sparking a fire in those conditions.
Is this a practised or regulated thing in the USA that power companies shut down regional electricity during strong winds? I have not read about something like that before, not in the EU, USA or other places.
PG&E, the power and gas company for much of California does this. As a for profit company, they outsourced maintenance of their infrastructure to save money. The infrastructure was old, not well maintained or managed and it sparked several large fires over the years. They’ve paid lots of money in restitutions because of this. Now they shut off the power so they can’t be blamed for starting giant fires again…
Yeah, but that's one company after a major fuck up.
One company who is currently practicing power shutoffs, which was the question.
Also, they made this choice after several big fires started from their infrastructure- while they were on some sort of corporate probation for exploding a neighborhood because of… faulty and under maintaining infrastructure. Not exactly a one off.
No, the question was "is this something normally done?" clearly the answer is no, since only 1 company is doing it.
many other places bury their wires and or do proper maintenance