OPINION - REVIEW & OUTLOOK
California’s Dark Ages
Why the progressive paragon is living like it’s 1899.
By The Editorial Board
Oct. 10, 2019 7:07 pm ET
A customer shops for groceries at La Tapatia Market during a blackout in Napa, California, Oct. 9 Photo: David Paul Morris/Bloomberg
News Californians are learning to live like the Amish after investor-owned utility PG&E this week shut off power to two million or so residents to prevent wildfires amid heavy, dry winds. Blame the state’s largest blackout on a perfect storm of bad policies.
Two dozen or so wildfires in the past few years have been linked to PG&E equipment, including one last fall that killed 85 people. PG&E under state law is on the hook for tens of billions of dollars in damages and has filed for bankruptcy. For years the utility skimped on safety upgrades and repairs while pumping billions into green energy and electric-car subsidies to please its overlords in Sacramento. Credit Suisse has estimated that long-term contracts with renewable developers cost the utility $2.2 billion annually more than current market power rates.
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READ MORE: https://www.wsj.com/articles/californias-dark-ages-11570748835?mod=hp_opin_pos_2
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