Lisa Kalayji on Nostr: PG&E, which is absolutely crushing people with exorbitant energy bills, is planning ...
PG&E, which is absolutely crushing people with exorbitant energy bills, is planning to raise prices yet again.
What this cowardly, ring-kissing article doesn't mention in its excuse-making for this corporate giant is that their profits last year were over $2 billion with the rate increases they've already hit us with. Even considering costs associated with storm damage mitigation and infrastructure expansion, their profits are shamelessly astronomical.
(Article on their 2023 profits here: https://abc7news.com/pge-earnings-rate-increase-2024-profits-power-outages/14458228/)
https://www.kqed.org/news/12015942/pge-rates-could-go-up-again-as-it-aims-to-spend-more-on-connecting-new-customers
#Utilities #Capitalism #Infrastructure #Energy #Exploitation
What this cowardly, ring-kissing article doesn't mention in its excuse-making for this corporate giant is that their profits last year were over $2 billion with the rate increases they've already hit us with. Even considering costs associated with storm damage mitigation and infrastructure expansion, their profits are shamelessly astronomical.
(Article on their 2023 profits here: https://abc7news.com/pge-earnings-rate-increase-2024-profits-power-outages/14458228/)
https://www.kqed.org/news/12015942/pge-rates-could-go-up-again-as-it-aims-to-spend-more-on-connecting-new-customers
#Utilities #Capitalism #Infrastructure #Energy #Exploitation