Falling panel prices lead to global solar boom, except for the US

PG&E's most transparent fraud is by forcing people to move everything to electricity and then forcing them to use less electricity, and then complaining they aren't making enough money so that they raise electricity rates. Last year, PG&E raised rates 6 times. I'm now paying double the per kWh rates from only 4 years ago.

PG&E now wants to charge solar panel owners $100+/month just for the privilege of being connected to the grid. This is on top of their $0.41-54/kWh they already charge, the highest in the nation.

PG&E is a government-supported scam that is charging people whatever prices they want with no protection from our politicians because they are all on the take.

Isn't a lot of this the government insisting that PG&E act as the de facto California wildfire insurance provider and collect the premiums out of everyone's electric bill?

You have wildfires caused by, basically, climate change causing there to be an abundance of fuel (dead wood) waiting for any spark, exacerbated by decades of the government putting out every wildfire when in the natural environment the last fire would have cleared out the dead wood before the next one, causing fuel to accumulate even more.

At that point it doesn't matter what the ignition source is, that much fuel is going to burn, soon. If it isn't some piece of PG&E equipment it will be a lightning strike or something else. But if you can pin it on the power company because a tree caught fire from falling on a power line then the fire insurance companies can sue the power company instead of filing for bankruptcy, and then all you have to do is pass on the cost to ordinary people as $500/month electric bills.

This is a mischaracterization of the liability of PG&E for those fires. All of the PG&E-caused wildfires were due to inadequately maintained equipment operating well beyond its service life. The reduction of maintenance budgets to improve free cash flow and return capital to investors was a conscious decision by the company officers [1].

As you stated, PG&E was held liable for billions of dollars of compensation for the impacted people. This led to negative earnings zeroing out the profits of the previous decade [2]. Furthermore, the stock's price is far lower than it was during the hayday of deferred maintenance.

Since the involvement of California state government in PG&E operations, maintenance has improved dramatically. Furthermore, PG&E again has positive earnings, demonstrating that the long-term viability of the company is improved with adequate maintenance budgeting.

Now to address the counterfactual, "the fires would have happened anyway": no. The leading cause of wildfires in California in general, and impacting people and infrastructure in particular, is electrical equipment. This is empirical; after PG&E began cutting power during high-fire danger days, the number and severity of wildfires dropped dramatically [3].

1. How PG&E missed its chance to prevent the Camp Fire: Damning report on utility’s negligence, https://www.sacbee.com/news/california/fires/article24357122...

2. Pacific Gas & Electric EPS - Earnings per Share 2011-2025 | PCG, https://www.macrotrends.net/stocks/charts/PCG/pacific-gas-el...

3. Human-caused ignitions spark California’s worst wildfires but get little state focus: In 2019, utilities turned off electricity during high-wind events, and California had its mildest fire season in eight years. Was that a coincidence?, https://www.sandiegouniontribune.com/2020/01/05/human-caused...

> All of the PG&E-caused wildfires were due to inadequately maintained equipment operating well beyond its service life.

That sounds like something lawyers say when they want to sue somebody.

Who determines the "service life" of a conductive piece of metal with no moving parts?

> Now to address the counterfactual, "the fires would have happened anyway": no. The leading cause of wildfires in California in general, and impacting people and infrastructure in particular, is electrical equipment. This is empirical; after PG&E began cutting power during high-fire danger days, the number and severity of wildfires dropped dramatically

Nobody disputes that power lines can be an ignition source. The issue is that there are also other ignition sources and dead trees will eventually burn. Causing the fires to be less frequent actually makes the problem worse, because then when it does happen there is even more fuel, which makes the next fire bigger and harder to contain. It's the same failure mode as putting out natural wildfires and leaving all that fuel to accumulate for next time.

Removing some of the ignition sources means you're going to have fewer small fires this year, but at the cost of having bigger ones later. That's not a win.